Chechen insurance company opens

Chechnya has founded the Chechen Insurance Company with Alkhozur Tsakayev, an advisor of the Chechen Minister for Finances Usman Rassukhanov, being its Director General, the Chechen government reports.The company will boost the taxing potential and create 125 new jobs.Chechnya has offices of 24 insurance companies headquartered in other regions, mainly in Moscow. Payments in Chechnya are 2-3 times lower than insurance payments in other Russian regions. The Chechen Insurance Company has a charter capital of 150 million rubles.

Chechnya has founded the Chechen Insurance Company with Alkhozur Tsakayev, an advisor of the Chechen Minister for Finances Usman Rassukhanov, being its Director General, the Chechen government reports.

The company will boost the taxing potential and create 125 new jobs.

Chechnya has offices of 24 insurance companies headquartered in other regions, mainly in Moscow. Payments in Chechnya are 2-3 times lower than insurance payments in other Russian regions. The Chechen Insurance Company has a charter capital of 150 million rubles.