Magadan is a town and a seaport in northeast Russia, administrative centre of the Magadan Region. It was founded in 1929 as eastern Evens Culture Promotion Base, is located between Nagayev Bay and Gertner Bay, on the coast of the Sea of Okhotsk. From 1939, the settlement has the status of a town. The distance between Moscow and Magadan is 7,110 kilometres. The Magadanka River divides the town in two urban districts. Total urban territory is about 30,000 hectares; Magadan covers 18,000 hectares. Its population is 102,000. Magadan Mayor is Vladimir Pecheny.
All types of aircraft can land on the airport near Magadan; its air traffic controllers monitor flights across one third of the globe.
Magadan Seaport, a major seaport in northeast Russia, works all year round.
Major industrial branches are power and water production and distribution, fishery, metal-fabricating industries, manufacturing, agro-industry.
Magadan has the Magadan Mechanical Works developing and producing mining equipment including components; it supplies equipment to all gold producing Russian regions, some post-Soviet countries and Africa. Some important gold production enterprises were built in post-Soviet period.
Magadan is a regional financial centre. It has regional banks and branches of Moscow banks.
Magadan has North-East Centre of the Far Eastern Branch of the Russian Academy of Sciences.