Dear investors!

The image of Chuvashia as well as its investment attractiveness is formed by a favorable ecological environment, transparent work of the authorities, efficient economy, quality medicine, modern education, and a healthy population. According to the rating agency "Expert RA", the Republic of Chuvashia is among the top ten Russian regions with low investment risk. Its credit rating is "stable" given by two leading international rating agencies - Fitch and Moodey's.

In general, the region has favorable investment conditions because the rules of the game are transparent, predictable, and the same for all market participants. Investors are given profit and property tax  incentives, investment tax credits, state guarantees of the Chuvash Republic for commercial loans, subsidies for creating investment platforms and other benefits.

 

Head of the Republic of Chuvashia
Mikhail Ignatiev
 
  • Administrative center

    Cheboksary

  • Federal district

    Volga

  • Distance to Moscow

    604 km

    Moscow—Cheboksary — 1 hour 5 minutes

  • Timezone

    UTC+4/MSK0

  • Population

    1.24 million people

    3.80% english speaking population

  • Area of the Region

    18,3 thousand sq km

 

Economic performance

  • Gross Regional Product

    224,45 billion
    ₽ 180,76 thousand per person
  • Foreign Direct Investment

    $ 53,40 million
    $ 43,10 per person
  • Fixed investment

    56,45 million
    ₽ 45 556 per person
  • Unemployment rate

    5 %
  • Percentage of profitable companies

    70,40 %
  • Average cost of living

    6 988
  • Average monthly wage

    20 854
Gross Regional Product
GRP per capita
Foreign Direct Investment
Fixed investment
Fixed investment per capita
Unemployment rate
Average monthly wage
Percentage of profitable companies

Geographical location and climate

Largest cities

  •  

    Cheboksary

    479,3 K people

  •  

    Novocheboksarsk

    124,3 K people

  •  

    Kanash

    45,8 K people

  •  

    Alatyr

    36,6 K people

 
 
Sunny days Average annual rainfall
180 538 mm
Average January temperature Average July temperature
-9,4°С 22,2°С
Agricultural period Snow cover duration
6 months 8 months
Natural area
Mixed forest
 

Natural resources

  • Mineral resources

    Clay
    91424 thousand cu km
    Gypsum
    137224 thousand cu km
    Sand
    124285 thousand cu km
  • Combustible resources

    Shale oil
    199,1 million tonnes
    Turf
    5552 million tonnes
  • Other resources

    Forest resources Woods are one of Republic’s natural resources which cover one third of the territory, mainly, along the rivers Sura and Zavolgie. The Chuvash Republic’s woods consists of highland oak forests, mixed forests and coniferous forests.

    Water resources Water sources are taken from the rivers Volga, Sura, and Tsivil; and also from four hundred lakes spread across the Chuvash territory.

 
 

Report inaccuracy