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German Democratic Republic Deutsche Demokratische Republik 7th October 1949 - 3rd October 1990 |
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#21 |
Senior Member
Join Date: Apr 2003
Location: Paris - Berlin
Age: 61
Posts: 1,208
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Re: Dynamo; the Stasi Sports Organization
Hi Phillip,
Rosgosstrakh is the Russian National Insurance Company. RGS is its short name. Here its corporate history : "Heir to Gosstrakh - the Soviet state insurance monopoly - Rosgosstrakh (RGS) has almost 87 years of history behind it, evolving from the time when insurance was a state-delivered and regulated service to the present-day market-driven leadership position. RGS has been able not only to retain practically the whole of the vast former network of Gosstrakh in Russia but also to build on it, expanding its presence, increasing the number of agents and overhauling the infrastructure. It has also been able to preserve the confidence of millions of its clients while reviving the old and universally respected brand name, modernizing it and infusing it with a new distinct drive, confidence and reliability. Today, the RGS brand name is immediately recognized right across Russia and attracts millions of new clients every year. Until 2001, Rosgosstrakh was state-owned. Since mid-2003 a consortium of Russian investors holds the controlling stake in the company, having acquired 75% minus four shares in several open privatization auctions. The federal government retains the balance of shares." Source : ROSGOSSTRAKH Ch. |
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