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  • 13Aug

    ASTANA, August 13 /PRNewswire/ — With a view to develop its
    non-extractive sector, Kazakhstan has defined outstanding investment projects
    and provides investors with essential support. The latest measures include
    KZT 64 billion allocated for 6 breakthrough projects planned this year as
    well as sovereign guarantees worth USD 365 million to support three projects,
    interesting credit opportunities and tax incentives.

    An update on the investment program called “30 Corporate Leaders”, which
    defines future investment projects in the non-extractive sector and outlines
    their strategies for the following years, has been presented by Bakhyt
    Sultanov, Kazakh Minister for Economic Affairs and Budget Planning. A list of
    45 breakthrough projects worth USD 54 billion was formed and action plans for
    30 projects have already been approved. 26 projects are at the stage of
    actual implementation.

    The “30 Corporate Leaders” initiative, launched in April 2007 by
    President Nazarbayev, is destined to become a valuable contribution in
    sustaining Kazakhstan’s dynamic growth. The Program seeks to modernize the
    Kazakh economy and support Kazakh companies willing to enter international
    markets through offering competitive products.

    State provides investors with high allocations, state guarantees and tax
    incentives

    Kazakhstan has taken a range of essential measures to support the
    breakthrough projects launch. Six breakthrough projects to be realized this
    year have been allocated over KZT 64 billion from the 2008 state budget.
    Three particular projects were provided with sovereign state guarantees of
    USD 365 million.

    Furthermore Kazakhstan Development Bank has extended credit lines to
    eight projects and the Eurasian Development Bank has offered a credit line to
    a 9th project. Another measure that underlines the importance of foreign
    investment program concerns investment preferences. The Committee on
    Investment of Kazakhstan’s Ministry of Industry and Trade has offered eight
    projects essential investment advantages, such as tax and custom incentives.

    Last, land in the industrial park of Astana has been allocated to four
    projects.

    Outstanding projects amongst the “30 Corporate Leaders” program

    The “30 Corporate Leaders” program includes a variety of outstanding
    projects. One of the major projects is the construction by Arcelor Mittal of
    a new metallurgic works with a capacity of 10 million tons of steel per year.

    Another project to be launched this year is the construction of a second
    tantalum powder producing line in the East Kazakhstan oblast.

    Applications of potential foreign investors, eager to do business in
    Kazakhstan, do not end. Another 58 applications are taken into account and
    will be examined by the Kazakh government for potential collaboration
    opportunities.

    For further information, please contact

    Sarah Nicholson
    s.nicholson@group-ibc.com
    +44-(0)207-233-9166

    SOURCE Government of Kazakhstan

  • 05Jun

    ASTANA, Kazakhstan, June 5 /PRNewswire/ — The Kazakh city of Karaganda -
    renowned for coal mining and metallurgy facilities - hosted the 2nd
    international investment forum ‘KaragandaInvest 2008′ last week. Over 800
    representatives from 35 countries (North America, EU, Middle East, Africa,
    Asia) attended the event. Speakers included representatives of central and
    local authorities, national companies, development and financial
    institutions, as well as top businessmen.

    Karaganda-based enterprises unveiled 147 mining, chemical, light
    industry, metallurgy, machinery-building, agriculture and tourism projects -
    worth over USD 5 billion- in a bid to attract new investment.

    At a plenary sitting during the forum, Kazakhstan’s Prime Minister, Karim
    Massimov, noted that “interest in Kazakhstan and the Karaganda oblast has
    been growing… Kazakhstan remains open-armed to foreign investments… We
    will be removing administrative barriers so that investors can feel 100%
    comfortable. We intend to lend support and facilitate the signing of mutually
    beneficial contracts”. Mr Massimov pointed out that all the state-run
    long-term programmes aimed at diversifying the economy would be moving
    ever-onward and receiving complete government backing.

    Mr. Vladimir Shkolnik, Kazakhstan’s Minister of Industry & Trade, was
    another speaker at the forum: “Results for the first quarter of 2008 show
    positive growth across the entire real sector: industrial production output
    for the period under review totaled KZT 2.4 trillion, up 3.7% on the same
    period last year. Retail turnover grew by 4.3% and capital investments rose
    by 16%”, said the Minister. “KZT 125 billion was injected into housing
    construction, including KZT 4 billion out of the state budget. This enabled
    us to commission over 1.5 million square meters of housing…

    For the first quarter of this year, the number of small and medium-sized
    businesses grew by 15.3% - reaching 658,000. Products produced by S&MBs
    totaled KZT 438 billion, up year-on-year by 5.2%” the Minister said.

    Minister Shkolnik added that “in the first quarter of 2008, foreign trade
    turnover grew by 39% - reaching USD 23 billion. In 2007 external trade
    turnover reached KZT 80.5 billion (USD 666 million), up 30% (on the previous
    year). This year we plan to approach USD 100 billion. 2007 was a record year
    for Kazakhstan in terms of Foreign Direct Investment: a quarter [USD 17
    billion] of USD 69 billion FDI attracted since 1993 in-flowed in 2007…
    Today, the top five investors in Kazakhstan’s are the USA, Netherlands, Great
    Britain, Italy and France”.

    Contact:

    Sarah Nicholson
    s.nicholson@group-ibc.com
    +44-(0)207-233-9166

    SOURCE Government of Kazakhstan

  • 14May

    RAMAT GAN, Israel, May 14 /PRNewswire-FirstCall/ — Strauss Group (TASE:
    STRS) announced this morning that an agreement had been signed between
    Strauss Coffee and the Italian company Don café for the acquisition of the
    latter’s coffee business in Albania, Kosovo and Macedonia, its trademarks Don
    café and Princ which are registered in a number of countries in the EU as
    well as in Central and Eastern Europe, as well as fixed assets, inventory and
    working capital.

    The business that was acquired is profitable and its turnover totaled
    approximately 4.5 million Euro in 2007.

    Strauss Coffee paid 7.5 million euro for the business, the brands,
    inventory and the fixed assets.

    Erez Vigodman said:” this acquisition is complementary to our operations
    in the former Yugoslavia countries and it supports our continued expansion in
    this region, which has great growth potential. In the past few years we have
    been active in this region with the Doncafé brand, mainly in Serbia,
    Montenegro and Bosnia, and have turned it into a leading brand in these
    countries in the roast and ground (R&G) coffee segment and other coffee
    related products and services by applying a well designed marketing and
    communications strategy, while also building a state-of-the-art R&G
    production facility to world standards in Serbia. Acquiring a business whose
    name and major brand are the same as ours , will enable us to explore the
    possibility of extending the use of the brand to other geographies, after
    checking the viability of such moves, while leveraging the know-how,
    competencies and infrastructures we have built in this part of the world to
    more countries, and perhaps even to other geographical regions.”

    About the transaction:

    Doncafe Italy is active in the R&G category through the brands Don and
    Princ. Strauss Coffee is active through the brand “Doncafe” in Serbia,
    Montenegro and Bosnia, after having acquired the Doncafé Company in Serbia.
    The transaction, closed in 2005, granted Strauss ownership of the Doncafé
    brand in these countries only. Strauss Coffee has significantly grown its
    business in these countries in the past few years, developing a marketing and
    communications strategy for the brand and establishing a world-class coffee
    plant. During the same period the Italian Doncafé business (now being
    acquired) was active mainly in Albania, Macedonia and Kosovo, focusing on
    espresso coffee.

    The transaction grants Strauss complete ownership of the brand and of a
    number of sub-brands, and includes the acquisition of the existing production
    facilities in Albania.

    The Princ brand is considered a leading brand and possesses the largest
    market share in R&G coffee in Kosovo, while Doncafé is considered the
    second-largest brand in Albania in the same category.

    The sales turnover acquired totaled approximately EUR 4.5 million in 2007.

    Strauss plans to explore the possibility of extending the brand’s
    business to other countries in which the group is active today. The acquired
    operations will be managed by Strauss Coffee in Serbia, and the products
    under the acquired brands will be manufactured in part in the plant in
    Albania and in Strauss Coffee’s existing plants in the region.

    The acquisition will be financed from the company’s internal resources.

    About Strauss Coffee:

    Today, Strauss Coffee is the seventh largest coffee company in the world
    in terms of green coffee consumption, and one of the world’s fastest growing
    coffee companies over the past five years.

    In this period Strauss Coffee has tripled in size, growing from NIS 1
    billion in 2002 to NIS 2.9 billion at the end of 2007, with the international
    coffee business accounting for NIS 2.3 billion (almost four times as high as
    the corresponding figure for 2002).

    Strauss Coffee recently signed an agreement with the international equity
    fund TPG to become a shareholder in Strauss Coffee following the acquisition
    of 25% of Strauss Coffee’s shares, at an enterprise value of approximately
    US$1 billion (pre-money).

    Strauss Coffee’s activities focus on the R&G segment and other coffee
    related products (instant coffee, chocolate and cocoa powders, cappuccino,
    espresso, organic coffee) and services (particularly solutions for
    Away-From-Home coffee consumption).

    The company enjoys a leading position in the coffee markets in Israel,
    Central and Eastern Europe and Brazil.

    The geographic clusters in which the company is active today include
    Israel, Brazil (through a joint venture with the Lima brothers in Santa
    Clara), Poland, the Balkans (Romania and Bulgaria), the former Yugoslavia
    countries (mainly Serbia), and the former USSR countries (mainly Russia and
    Ukraine).

    The green coffee procurement center, which serves the entire group, is
    located in Zug (Switzerland). Additionally, Santa Clara owns green coffee
    processing plants in Brazil which export coffee for the group’s activities as
    well as for external customers worldwide.

    Since the beginning of 2007 the Strauss coffee business operates as one
    company (including the coffee business in Israel), reporting to the CEO and
    the management of Strauss Coffee.

    In the next few years the group plans to enhance the coffee company’s
    growth and expansion process.

    For further information:

    Yaffa Cohen Ifrah
    Director of Investor Relations
    Strauss Group Ltd.
    Tel. +972-3-6752545
    Cellular +972-54-5772195
    E-mail yaffa.cohen-ifrah@strauss-group.com

    Media Contact:

    Osnat Golan
    Corporate Communications Director
    +972-52-8288111
    osnat.golan@strauss-group.com

    SOURCE Strauss Group Ltd

  • 16Apr

    DUBAI, United Arab Emirates, April 16 /PRNewswire/ — After raising an
    unprecedented AED3.4 billion last fall in an 8-week fundraising drive, Dubai
    Cares announced today twelve countries that will be the recipients of its
    Phase One funding. Dubai Cares has become the world’s largest charitable
    establishment solely devoted to improving primary education for children in
    developing countries.

    Dubai Cares was launched by His Highness Sheikh Mohammed bin Rashid Al
    Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Save
    the Children has a 75 year history of helping children recover from wars and
    natural disasters.

    Dubai Cares has prioritized its phase one grants in countries which have
    the highest level of need and can deliver the maximum benefit for the
    children. The twelve countries chosen by Dubai Cares for Phase One include
    Bangladesh, Bosnia, Chad, Comoros Islands, Djibouti, Maldives, Mauritania,
    Niger, Pakistan, Palestinian refugees (in Lebanon and Jordan), Sudan and
    Yemen.

    In these countries, Dubai Cares will implement needs-specific, primary
    education programmes based on its value chain of education which will include
    the building of new school facilities; rehabilitating existing damaged school
    premises; ensuring safe water and proper sanitation facilities; distributing
    school supply materials; improving nutritional intake and conducting medical
    check-up for students and teachers; and providing training and workshops to
    adequately empower teachers and principals.

    In today’s announcement Dubai Cares provided specific details on the
    overall design for primary education programs in Sudan. Program details for
    the aforementioned countries will be announced in the near future.

    Dubai Cares’ partners were selected based on their track record in
    providing for underprivileged children around the world, as well as their
    access to adequate resources and infrastructure that can make an immediate
    impact on the ground.

    Save the Children is one of these international partners which will
    execute specific projects covering the entire value chain of education. The
    first outcome of this partnership is to provide quality primary education in
    Sudan country-wide focusing on the following regions: Abyei, Blue Nile,
    Darfur, Khartoum, North Kordofan, Red Sea, South Kordofan, and Upper Nile.

    Speaking about the partnership, Her Excellency Reem Al-Hashimy,
    Chairperson of Dubai Cares Board of Directors, said: “Save the Children is
    one of our major partners in Sudan, which we selected based on their 20-plus
    years of experience in the country. Our partnership with Save the Children is
    an example of how Dubai Cares ensures the maximum impact of its philanthropic
    efforts. Partnership agreements are negotiated to ensure minimal expenditure
    on over-head which increases the direct impact, thus maximizing the number of
    children who can access quality primary education.”

    She added: “Save the Children will receive an AED60.9 million grant from
    Dubai Cares for programmes in Sudan. Save the Children has one of the largest
    humanitarian programmes currently operating in Sudan, uniquely positioning
    them to execute the programmes.”

    The 5-year programmes will initially provide direct support for 115,000
    children in 200 schools and 50 early childhood development centres, while also
    ensuring all students are treated equally regardless of gender or ethnic make-
    up. Dubai Cares and Save the Children will also train 500 teachers to assist
    in introducing reading and writing skills to children as early as possible in
    their development.

    “The commitment Dubai Cares is making today for basic education in Sudan
    is truly ground-breaking,” said Dr. Charles F. MacCormack, president and CEO
    of Save the Children US. “The commitment is more than 3 times the total direct
    aid for basic education from all donor governments worldwide to Sudan in
    2005,” said MacCormack, citing the latest education funding report from
    UNESCO.

    He added: “Direct aid for basic education in Sudan has been severely
    underfunded. Dubai Cares is to be highly commended to making this new
    commitment to help educate a generation of children in Sudan.”

    MacCormack noted that Save the Children Sweden and Save the Children UK
    will work with Save the Children US in implementing the initiative in
    communities across Sudan.

    Dubai Cares also announced an AED24.5 million, 2-year programmes that will
    be executed by UNICEF to help more than 700,000 children in Sudan. Benefits
    delivered by Dubai Cares programmes include construction of 200 single room
    schools in rural areas of Sudan and training workshops for 200 teachers. In
    addition, children throughout Sudan will receive textbooks and school supplies
    and the teachers will receive educational materials.

    To date, Dubai Cares has initiated primary education programmes in
    Djibouti, Sudan and the Naher Al-Bared Palestinian refugee camp in Lebanon.
    As a result, 2,400 teachers are currently being trained, more than 400 schools
    are being built/rehabilitated and 50 early child development centres are being
    established. These as well as other initiatives will help 924,000 children
    gain access to quality primary education in these countries.

    Dubai Cares today unveiled its geographic footprint for Phase One, naming
    12 countries that will receive funding for needs-specific primary education
    programmes to ensure universal access to education in developing nations. The
    announcement builds on Dubai Cares’ current portfolio of education programmes,
    bringing it closer to achieving its goal of educating one million children as
    declared by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President
    and Prime Minister of the UAE and Ruler of Dubai.

    Dubai Cares was launched as a fundraising campaign on 19 September, 2007
    by His Highness Sheikh Mohammed, raising more than AED1.7 billion (approx. US$
    500 million) in eight weeks from individuals and businesses in Dubai. At the
    close of the fundraising drive H.H. Sheikh Mohammed matched the donations from
    the residents of Dubai, bring the total to AED3.4 billion (almost US$1
    billion), making Dubai Cares the largest foundation in the world focusing on
    primary education globally.

    Since its launch, Dubai Cares has established itself as a fully
    transparent, multilateral, non-profit organization, making sure that every
    dirham raised is spent strategically for maximum impact. Dubai Cares will
    operate based on international best practices for foundations worldwide to
    ensure financial transparency. The charitable establishment has positioned
    itself as a strategic coordinator actively engaged with international aid
    agencies to develop primary education programmes and to ensure immediate
    impact on the ground.

    Save the Children is the leading independent organization creating lasting
    change for children in need around the world. For more than 75 years, Save the
    Children has been helping children survive and thrive by improving their
    health, education and economic opportunities and, in times of acute crisis,
    mobilizing rapid lifesaving assistance to help children recover from the
    effects of war, conflict and natural disasters.

    Dubai Cares is founded on the vision of His Highness Sheikh Mohammed who
    believes that education is the best long-term solution to combat poverty and
    that educating children, especially girls, is a key component to fighting the
    global ‘cycle of poverty’. It represents Dubai’s contribution to the U.N.
    Millennium Development Goals for providing primary education to every child by
    2015. The initiative validates the emirate’s commitment to play an effective
    role in securing a better tomorrow for future generations.

    SOURCE Dubai Cares

  • 05Apr

    WASHINGTON, April 5, 2008 /PRNewswire-USNewswire/ — The following is a
    transcript of remarks by President Bush after a meeting with Croatian Prime
    Minister Sanader:

    Banski Dvori
    Zagreb, Croatia

    10:31 A.M. (Local)

    PRIME MINISTER SANADER: (Speaking in Croatian, no translation.)

    PRESIDENT BUSH: Thank you, Mr. Prime Minister. It’s really good to be with
    you again. I remember very fondly our visit to the Oval Office.

    (Interpreter speaking.)

    PRIME MINISTER SANADER: No, there is no need.

    PRESIDENT BUSH: Even though you did a brilliant job. (Laughter.)

    PRIME MINISTER SANADER: They understand, they understand.

    PRESIDENT BUSH: I understand. But, anyway, I — you suggested I come to
    your country then, and I’m really glad we came. Thanks, it’s good news. And
    the fact that Croatia has been invited to join NATO is a historic moment. And
    I hope the people of your country are as proud as I am to be here to welcome
    you into the NATO.

    My only regret is I didn’t get to see the coast. But I suspect when more
    Americans learn of the beauty of your coast, they’ll want to come. And that’s
    why the Open Skies agreement that we negotiated is going to be important to
    open up travel and trade. We will take you up on your request to have a trade
    mission come. I appreciate the fact that you have an open government, an
    honest government, a transparent government, which will help attract foreign
    capital; well educated, hardworking people that will help attract foreign
    capital, as well.

    We talked about the neighborhood, and I appreciate the Prime Minister’s
    advice and counsel on how the United States can help continue to promote
    stability and freedom. I want to thank you very much for that.

    We talked about an issue that I know is on the minds of the people of
    Croatia, and that is the visa waiver policy. I fully understand, Mr. Prime
    Minister, that some in your country wonder why our visa waiver policy is for -
    - is different for you than it is for other people, perhaps, in Europe. After
    all, you’ve — you’re sacrificing in Afghanistan alongside U.S. troops. And
    they wonder why they can’t go see their relatives in America in an easier way.

    I think they should be able to. Congress has passed a law that we now must
    live with, and we’ll work with your government to facilitate the new law in
    such a way, hopefully, that people will be able to realize their dreams of
    going to America to see relatives and loved ones. There’s a lot of people in
    America that have fond memories of their homeland, and they want to be able to
    see their relatives in an easier fashion.

    So we’ll work government-to-government to meet our laws, and at the same
    time hopefully facilitate travel. I don’t want to create false expectations.
    On the other hand, people should know that we have committed to working to see
    to it that the policy is implemented in a way that hopefully will ease travel
    quickly.

    All in all, it’s been an honor to be with you. I’m so grateful for your
    government and for the people of your country for welcoming me and Laura, and
    I look forward to future visits.

    Thank you.

    PRIME MINISTER SANADER: Thank you, sir.

    END 10:38 A.M. (Local)

    SOURCE White House Press Office

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