Communist Tax Lawyer

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


Archive For October, 2011

EBRD to Invest 100 Mln Euros in Kazakhstan’s Economy

October 11th, 2011

The European Bank for Reconstruction and Development (EBRD) is considering financing renewable energy projects – wind farms in particular – in Kazakhstan in 2012, a bank official told reporters.

“We are considering two or three projects for an amount of up to 100 million euros (US$133 million) and are still considering whether this will be debt or equity,” said Riccardo Puliti, EBRD managing director and head of energy and natural resources.

Kazakhstan, which has tripled oil production in the last decade on its way to becoming Central Asia’s largest economy, is seeking investment to develop wind, solar and hydroelectric projects to reduce a power deficit in parts of the country’s regions. Read the rest of this entry »

Kyrgyz-Russian Firm to Supply U.S. Air Base in Kyrgyzstan

October 4th, 2011

A Russian controlled Gazpromneft-Aero Kyrgyzstan says it will begin supplying 20 percent of aviation fuel required by a vital U.S. air base in Kyrgyzstan from November.

The fuel supply contract was signed last week between U.S. Defense Logistics Agency and Gazpromneft Aero-Kyrgyzstan.

“The Americans have to be certain that we can deal with that volume of supplies. And maybe then [we] will start delivering more than 50 percent of the base’s needs,” said Tilek Isayev, head of the Gazpromneft-Aero Kyrgyzstan. Read the rest of this entry »