Posts Tagged ‘Kommersant’

FIDE chief Kirsan Ilyumzhinov and Ashmore Group set up a joint fund

Kirsan Ilyumzhinov 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 »

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

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 »