Communist Tax Lawyer

A news, research and discussion platform for monitoring the evolution of Communist and ex-Communist countries to market economies


Archive For July, 2010

Kim Jong-il Attends Concert Marking “Victory” in the Korean War

July 28th, 2010

North Korea’s iconic leader Kim Jong-il hailed his country’s “shining victory” and sang patriotic songs while attending a concert  on Wednesday, according to official media outlets.

North Korean leader Kim Jong-il attended a concert yesterday celebrating the 57th anniversary of the Korean War as the two main adversaries from that conflict conducted war drills off his country’s eastern coast. Read the rest of this entry »

Ukrainian Cabinet to Liquidate Unprofitable Coal Mines

July 27th, 2010

The Ukrainian government has decided to liquidate its unprofitable coal mines, closing down 107 of them in 2010.

“The government funds which was use to spent on unprofitable mining enterprises support will be going to modernization of those mines, which can be successfully privatized in the near future,” a government official explained. Read the rest of this entry »

Ukraine to Ratify Pro-EU Natural Gas Market Liberalization Law

July 15th, 2010

The Ukrainian parliament is moving to ratify the pro-EU natural gas market liberalization law in all three required readings.

According to the law, state-run NJSC Naftogaz in order to give an equal access to gas pipelines for each market participant, will be divided to three different enterprises by type of activity: marketing, extracting and transportation. Read the rest of this entry »

Chinese Companies Lead in Global IPO Offering

July 14th, 2010

Chinese companies are taking the lead as China has become the biggest initial public offering market in the world in terms of amount of funds raised and the number of deals made, based on a report by accounting firm Ernst & Young.

Hong Kong is the natural choice for most mainland companies opting for a stock listing while small and high-growth information technology companies tend to opt for a listing in the United States. “China will maintain its lead in the IPO market as more mainland companies tap overseas capital pools even as they expand their business locally,” said Terence Ho, strategic growth markets and China IPO leader at Ernst & Young. Read the rest of this entry »