Republic of Kalmykia

Investments

Macroeconomic environment in 2012 deteriorated again – to slow down the dynamics of investment and economic growth in general, increased interest rates on loans to business, not increased certainty in the international markets. Against this background, found in the south of Russia figure memorable bright business initiatives, it was not easy.

However, in our opinion, such a figure appeared, Kirsan Ilyumzhinov, who reasserted itself as over-ambitious entrepreneur, able to solve problems, is still unaffordable for the South. Read the rest of this entry »

On 30 November, in Moscow, the official signing of Memorandum on the establishment of an investment fund for the implementation of investment projects in Russia and the CIS (Commonwealth of Independent States) countries between Kirsan Ilyumzhinov and the Chinese investment fund manager “Gaoneng” Xu Ping took place.

During the meeting after the signing ceremony it was noted that the authorized capital of the investment fund will be 5 billion U.S. dollars. The main participants of the fund will be “Gaoneng”, Kirsan Ilyumzhinov (as an individual) and a number 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 »

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 »

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 »

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 »

Last days in the Republic of Kalmykia, a delegation from Iran consisting of: Mr. Mohammad Sadegh Kaveh, CEO of MJ Kaveh Group, and Mr. Karimi Hadi, director of production company.

During the visit, Iranian businessmen Read the rest of this entry »

As part of the investment project of “Falcon Capital” for the construction vetroenergoparka in Kalmykia Elista arrived in the company’s specialists “F&H Elektrotechnik GmbH” (Hannover, Germany), the press service of the company “KalmEnergokom”.

German specialists Ralph Hoppmann and Rainer Brust will hold a start-up operations at the two built windmills (wind turbines) in the village of Sandy Priyutnensky region of Kalmykia.

Will be made a full cycle – checking and adjustment of the engine and blades, oil changes and Some parts, tuning, and computer cooling systems, the test performance of two wind turbines wind turbines at full power. Final commissioning of wind turbines will result in complete readiness for the generation of “green” electricity. Read the rest of this entry »

October 20, First Deputy Prime Minister of the Republic of Kalmykia, Ilyumzhinov Vyacheslav met with the CEO of “Delimit” by Nicholaj Strashko and company representatives CHECK FARM (UK) David Summerland and Tomasz Vabich. Read the rest of this entry »

Today, October 12, 2011, the head of the Republic of Kalmykia Alexei Orlov, met with President of Slovenian corporations RIKO GROUP Joza Dragan and the Moscow representative of the corporation Imad Khoury.

It was about building in the Republic of Kalmykia processing plants meat and grain. After a preliminary agreement in Moscow on the Slovenian side arrived in Kalmykia for further discussion of projects. In addition, prospective investors are prepared to work in the Republic of Kalmykia of the industrial production of starch. Read the rest of this entry »

September 27 President of Kalmykia, Alexey Orlov, held a meeting with the Minister of Housing and Energy of the Republic of Kalmykia Nelly Tkacheva and representatives of “The Dominant-Energy”: Director General Vadim Peregudov, assistant vice-president Paul Frolov, and Director of the company in the Southern Federal District Nugzar Mdinaradze. Read the rest of this entry »