Chamber of Commerce and Industry of the Chuvash Republic
Chuvash Republic
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STRENGTHS AND WEAKNESSES

Strong Aspects of the Region

  • One of the most politically stable regions of Russia, characterized by a high loyalty of the population to the President and the republic`s Government, as well as by high quality of administration management.
  • Favorable geographic location in the center of the European part of Russia, strategic position of most important rail, water and highways juncture.
  • Low level of accumulated debt, good credit history, adequate debt strategy, high diversification of the republican budget incomes.
  • Stable economic growth during recent years.
  • Considerable amount of capital assets, accumulated in the industrial and construction spheres (over 30 billon rubles), availability of industrial centers with developed industrial infrastructure.
  • Created foundation for the growth of the gross regional product and taxable capacity, for the mastering of competitive type of production.
  • Qualified and relatively low-cost labour.
  • The agricultural complex is capable of supplying the republic with all main food products, the republic is the main hop-growing region of Russia (80% of the gross hop yield of Russia).
  • Policy of information openness, accelerated development of the republican information analysis system.
  • Favorable environmental conditions for recreation and health support of the inhabitants and guests of the Republic (unique recreation recourses availability), stable ecological situation.

Weak Aspects of the Region

  • Dependence upon state subsidies, low fiscal capacity.
  • High level of poverty and material segregation of the population.
  • Limited raw material resources of the Republic, lack of strategic mineral resources.
  • Considerable depreciation of capital stock in the main industries.
  • Insufficient development of scientific and innovation basis.
  • Depreciation of ingineering infrastructure.
  • Imperfection of “investment-conducting” structures
  • Considerable differences in social and economical development of districts, cities of the Republic, necessity of high infrastructural expenses.
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