Posts Tagged ‘Burgas’

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

Kirsan Ilyumzhinov 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 Republic of Kalmykia Kirsan Ilyumzhinov has bought a 52.5% stake in Bulgaria’s largest fuel company Petrol Holding

Kirsan Ilyumzhinov 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 »