Republic of Kalmykia

Economics

RIA Novosti: Russia’s southern republic of Kalmykia will build a town for Vietnamese immigrants, Kalmyk president Kirsan Ilyumzhinov’s press secretary said.

Buyancha Galzanov said Ilyumzhanov proposed the town be built during a meeting with Vietnamese President Nguyen Minh Triet, and also suggested the town be named after the Vietnamese president, who supported the idea. Read the rest of this entry »

Lundin Petroleum AB has started drilling the Petrovskaya-1 exploration well in the Lagansky block, situated in the Russian sector of the northern Caspian. Lundin Petroleum has a 70 percent net interest in the Lagansky block.

The Petrovskaya structure is a four-way dip closure located on trend with, adjacent to and up-dip of the Morskaya field. The Petrovskaya well has a planned depth of 2,100m targeting the sandstones of the Lower Cretaceous. Gross unrisked Read the rest of this entry »

In 2005, the Central Bank of the Russian Federation launched a series of coins “Russian Federation”.

Coin of 10 rubles ‘Republic of Kalmykia’ in this series came out into circulation March 2, 2009, reported Central Bank of the Russian Federation.

The reverse of the coin depicts Read the rest of this entry »

Lundin Petroleum has started drilling the Laganskaya-1 exploration well in the Lagansky block, situated in the northern Caspian Sea in Russia. Lundin Petroleum has currently a 70% net interest in the Lagansky block.

The well, with a planned depth of 2,000 meters, is targeting Cretaceous and Jurassic Sandstone Reservoirs. The Laganskaya structure is situated towards the southwest of the recent Morskaya discovery but on a different structural trend associated with existing onshore fields. Read the rest of this entry »

Lundin Petroleum has interests in the Lagansky Block in the Caspian region.

The Lagansky Block is 2,000 square kilometres in size and is located offshore in the north Caspian area, close to major world class hydrocarbon discoveries. The Morskaya discovery was made in 2008 and contains good quality oil and has estimated contingent resources Read the rest of this entry »

The publishing house “Economy” published the monography of Zoya Boschaeva “The Formula of Economic Growth”.
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Andreas Neumann, head of the department for cooperation with CIS countries of Federal Ministry of Economics and Technology of Germany will visited Kalmykia.

GermanyNews

The Government of Kalmykia and the Austrian company Diamond Aircraft intend to establish a joint venture for assembling light-engine airplanes in the Kalmykia republic.

July 3, AVIA.RU – The Government of Kalmykia and the Austrian company Diamond Aircraft intend to establish a joint venture assembly of light-engine aircrafts in the republic, hoping to come up with this product to the private market and in the small special aviation field, informs the newspaper “Kommersant” in Volgograd.

The Austrian company Diamond Aircraft is considering building a factory in the territory of Kalmykia’s to assembly light-engine aircraft, manufacturing of aircraft propellers and wings for wind power mills. Diamond Aircraft visited the Kalmykia republic on a working visit and met with local authorities Read the rest of this entry »

From Hannover to Elista – with a new plant. The largest international exhibition of industrial innovations, the Hannover Industrial Trade Fair was closed last week in Germany.

This year was the exhibition’s 60th anniversary was celebrated by over 6,400 business participants from 60 countries, including Russia. Read the rest of this entry »

Rosenergomash entered Kalmykia investing EUR 10 million in a new plant. Russian small power-plant engineering, which has up to now been in stagnation, is recovering. At the end of the last week Rosenergomash Concern and Kalmykia signed an agreement for construction of an electrical engineering plant on the Kalmyk territory for EUR 10 million. The experts believe that the number of these enterprises will be growing with the increase in demand for small power-plant engineering products by 25 % per year and the industry consolidation prospects.
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The Russian republic of Kalmykia and the Czech company Falcon Capital plan to build three wind farms in the republic at a total cost of over 150 million Euro, Kalmykia Economics Minister Vladimir Sengleev told journalists in Elista.

He said Kalmykia President Kirsan Ilyumzhinov and Falcon Capital CEO Jozef Cimbora signed an agreement of intent in Prague last Friday to implement an investment project to produce electricity in Kalmykia at wind plants with a total capacity of 150 megawatts. Read the rest of this entry »

King of Kalmykia

Tom Parfitt
The Guardian, Thursday 21 September 2006

Life is not all plain sailing for Kirsan Ilyumzhinov, the flamboyant leader of the Russian republic of Kalmykia. For a start, his Rolls-Royce Silver Spirit II needs constant repairs thanks to the rutted roads of his impoverished fiefdom. And then there is the danger of alien abduction. He has already been pressganged into one trip on a UFO – in Read the rest of this entry »

Employee of the State Duma of the Federal Assembly of the Russian Federation Sanal Tsatkhlanov held a seminar “Basics of Business Communication” for members of the organization “Leaders of Kalmykia”.

Sanal Tsatkhlanov originally from Yashkul city, graduated from the International Law Department of MGIMO, worked in Russian embassies in Saudi Arabia and the Seychelles. Read the rest of this entry »

A group of World Bank and EU experts will conduct a monitoring of effectiveness of authorities of Republic of Kalmykia, as a REGNUM correspondent was told by Elena Malunova, the republic’s Deputy Economic Minister.
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Most democratic designer Sultanna Frantsuzova (russian: Султанна Французова) from Elista, fashionable thing from which one can buy for less than a thousand rubles, open new stores in Moscow – October 7, at the Leningrad avenue, 12, and in early December – on Smolensky Boulevard, 7, reports KalmykiaNews.

These will be, respectively, Read the rest of this entry »