Economics

Republic of Kalmykia intends to attract a loan of 300 million rubles to replenish the budget

The Ministry of Finance of the Republic of Kalmykia (more…)

Austrian arrived in Kalmykia builds comfortable five-star yurts for tourists

How do foreigners live in Russia (more…)

Business forum!

From 27 to 28 October 2017 in the Elista-city (Republic of Kalmykia, Russia) there is the first historic business forum „Territory of development“. (more…)

Italian cheeses will be produced in Kalmykia

Famous Italian cheeses will be produced in Kalmykia. Yesterday Alexey Orlov met with businessmen from Veneto (Italy). (more…)

Exhibition for Italian businessmen [ It ]

October, 12. (more…)

Representatives of the European Bank for Reconstruction and Development visited the Republic of Kalmykia [ En | Ru ]

President of the Union of Entrepreneurs of the Republic of Kalmykia Vadim Darbakov met with representatives of the European Bank for Reconstruction and Development. The meeting focused (more…)

Financial support for tourism: Government of the Republic of Kalmykia will subsidize a purchase of yurts and camels [ Ru ]

«Government of the Republic of Kalmykia, in connection with the development of an inbound tourism, will subsidize a purchase of yurts and camels by travel agencies of Kalmykia. Subsidies will affect only those agencies which activity is aimed at the development of domestic tourism (more…)

Indian Bazaar 2014! [ Ru ]

Indian Bazaar in Elista city, capital of Republic of Kalmykia. Great business event in Republic of Kalmykia.

Indian dresses and indian gold!

May, 16-25.

Place venue: Palace of Sports.

Welcome to Indian Bazaar! (more…)

The rite of appeals to the Gods of Wealth [ De | Ru | Es | It ]

The rite of appeals to the Gods of Wealth will take place March 17, 2013 in the Republic of Kalmykia.

Namkha Lama conducts ritual “Appeal to the Gods of Wealth” (more…)

In Kalmykia was created the Council on improvement of investment climate at the Head of the Republic of Kalmykia, reported portal “Kalmykia Invest”.

Head of the Republic of Kalmykia Alexei Orlov signed a decree (more…)

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. (more…)

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 (more…)

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 (more…)

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 (more…)

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 (more…)