Republic of Kalmykia

Economics

New Government of the Republic of Kalmykia started its work.

Head of the Republic of Kalmykia Alexey Orlov has appointed new Ministers.

Lantsanov Peter was appointed First Deputy Prime Minister of the Republic of Kalmykia – Minister of Agriculture of the Republic of Kalmykia.

Botov Kirill Ivanovich appointed Minister of Construction, Transport and Roads of the Republic of Kalmykia. Read the rest of this entry »

Foreign princes traveled to Buddhist Republic of Kalmykia at the invitation of the former President of the Republic of Kalmykia, President of the World Chess Federation FIDE, Kirsan Ilyumzhinov, the billionaire. Read the rest of this entry »

Today, Head of the Republic of Kalmykia Alexey Orlov sacked the government of the Republic of Kalmykia, reports KalmykiaNews.

Head of the Republic of Kalmykia Alexey Orlov said that in the near future the new composition of the cabinet will be submitted to the members of the People’s Hural Read the rest of this entry »

A CPC delegation has attended a formal ceremony dedicated to the opening of a Children’s Creativity Center in the Republic of Kalmykia. The ceremony was held in a local village called Komsomolskiy on 6 October as part of a series of public events held in the region associated with festivities dedicated to Agriculture and Processing Industry Day. Just half a year ago the Children’s Creativity Center in the Chernozemelskiy District was in dilapidated condition, with major repairs required urgently. Read the rest of this entry »

October 6, 2012, at 9:00, in Elista, the capital of blessed Kalmykia will tantric ritual “Yangdrub” – a ritual invocation of prosperity and wealth, according KalmykiaNews and KalmykiaTour.

This ritual people bring home vessels wealth which usually carefully stored in secret places.

Buddhist monks, referring to the gods, asking to send all living beings luck and health, wealth and Read the rest of this entry »

Former president of Kalmykia Kirsan Ilyumzhinov – Honorary Citizen of the city of Burgas.

On the 26th of July the 1st President of Kalmykia, FIDE President Kirsan Ilyumzhinov paid an official visit to Bulgaria, where in Sofia he met with the Bulgarian Prime-Minister H.E. Boyko Borisov. During the meeting the issues of chess development as well as possibilities of investment projects realization in Bulgaria by international business circles were discussed.

In particular, Kirsan Ilyumzhinov informed the Bulgarian Prime-Minister on a project which is being undertaken by him alongside his European business partners, in respect of the investments into the economy of Bulgaria – tourism, gas station network modernization etc. Read the rest of this entry »

The President of the World Chess Federation and ex-president of Russia’s Republic of Kalmykia, Kirsan Ilyumzhinov is reportedly going to set up a $10 billion investment fund with UK major Ashmore Group.

Ex-president of Russia’s Republic of Kalmykia Kirsan Ilymzhinov and Ashmore CEO Mark Coombs signed an agreement in London, reports Kommersant Daily. The joint fund would develop projects in Russia, CIS and East Asian countries such as Malaysia, Singapore and Japan, focusing on energy, telecommunications, metals and food industries.

The initial capital of the fund would be $1 billion, and then it would be increased up to $10 billion. The fund plans to attract foreign investment Read the rest of this entry »

Head of the Republic of Kalmykia Alexey Orlov held a meeting on the implementation of the investment project to build wind power plants in the Republic of Kalmykia.

The meeting was attended by representatives of JSC “Falcon Capital”, the Chairman of the Government of the Republic of Kalmykia Lyudmila Ivanova, Minister of Energy and Housing and communal services of the Republic of Kalmykia Nelly Tkacheva, Deputy Chairman Tariff Service Read the rest of this entry »

Russian oligarch buys Bulgarian oil company “Petrol Holding”. Former President of the Republic of Kalmykia and President of the World Chess Federation (FIDE), Kirsan Ilyumzhinov, became a majority owner of the largest Bulgarian fuel distributor “Petrol Holding”.

The Switzerland-based company “Credit Mediterranee”, owned Read the rest of this entry »

The President of the World Chess Federation and ex-president of Russia’s Republic of Kalmykia, Kirsan Ilyumzhinov has bought a 52.5% stake in Bulgaria’s largest fuel company Petrol Holding.

Swiss-based Credit Mediterranee owned by Kirsan Ilyumzhinov bought the 47.5% stake owned by Denis Ershov and the 5% stake owned by Alexander Melnik, Vedomosti Daily reports. Ilyumzhinov plans to buy 100% of Petrol and is currently engaged in negotiations with another shareholder Mitko Sabev, who holds a 47.5% stake.

The cost of the deal has Read the rest of this entry »

Russian-Kazakhstan International Conference “Actual Problems of Socio-Economical development of the Caspian Region in the Context of Innovation Economics”

On May 18th, 2012 in the House of the Government of the Republic of Kalmykia Read the rest of this entry »

Today, April 12, 2012, the head of the Republic of Kalmykia Aleksey Orlov met with President of Slovenian corporations RIKO GROUP Joza Dragan.

In the future, investors from RIKO GROUP Read the rest of this entry »

Businessman David Yakobashvili visited Kalmykia to file a tax return.

News of Kalmykia: Kalmykia Government reports that the January 23, First Deputy Prime Minister of the Republic of Kalmykia Vyacheslav Ilyumzhinov met with the head of the organization AiD-channel Odyn Tsolmon (Mongolia).

During the meeting they discussed the possibility of using the airport in the capital of the Kalmyk air bridge for Read the rest of this entry »

Oil News Kalmykia. Today a meeting of the Head of the Republic of Kalmykia with Alexey Orlov vice-president of oilfield services company “Schlumberger” Denis Petrakov, reports KalmykiaNews source in the Government of the Republic of Kalmykia. Read the rest of this entry »