Olami Keshef Weekly
February 5309 - Financial news from around the world
Also published on The Terran Times and distributed internationally
- Port expansions reaching halfway mark, officials project construction delays and problems in the West Bank
- Equifund companies closing in on a "melting" point in production due to increased demand, executives explore extending partnerships with Kundrati
- Central Bank of Beiteynu reports inflation rate has entered a state of decline for the first time in 23 years
- Chocolate hummus factory opens up in Ir Melechim, public opinion ambivalent on whether its good or bad
Energy executives meet with Dankukian government
The government of Dankuk has expressed an inclination to explore investing into its nuclear energy grid, naturally attracting the interest of Beiteynuese and Kundrati energy providers alike, amidst concerns in the business community on the Dankukian political arena
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Tel Bira, Beiteynu - Aristocrat Energetical and its parent holding company Aristocrat Insurance Group, the 3000-year-old company from Kalopia founded by Theodore Aristocrat (originally) in Kafuristan, has become Beiteynu's monopoly on nuclear energy in recent years, after securing a 230B LOD 100 year contract in 5294 and with the newest evidence of the country's exit from its recession and its stable government status, the company has reached unprecedented credit lines from 3 major financial institutions - Ashalon Bank BEIFG, Tomasadyn National and Yishel Investment Group, enabling it to explore investments in nuclear energy sectors abroad, especially with the country's other 2 premier energy companies out of the way (Hofesh Electrical Industries and Hevrat Corporation), which confirmed an exit from the AE dominated market after deciding to invest in clean energy in Likatonia. The company has confirmed that Beiteynuese and Kundrati executives have been meeting with officials from the Dankukian government to explore the possibility of enacting subsidised investments into the country's nuclear energy grid, as Dankuk prepares to set forward a transformation initiative of sorts for its energy sources and infrastructure.
Considering Beiteynu's reliance on Kundrati as its major supplier of uranium and other raw material for its reactors, Tomasadyn National and SMCWK of Kundrati are expected to join in on the discussions led by Aristocrat Energetical as part of a 360 package and end-to-end deal on nuclear energy in Dankuk. AE is also expected to pursue ownership of the Dankukian grid of some form in the hopes of unlocking further expansion plans in later decades. The company also confirmed that it will be bringing executives and researches from Black Beisa to the table, considering AE's strategic partnership on engineering programs with the Beiteynuese leader in research and development, which will also be joined by 2 professors from the Keriyot Institute of Technology.
The negotiations and discussions are expected to last a few years, considering the project's massive complexity and cost, with no assurances at this point on whether the initiative will move forward, with energy executives however remaining hopeful. This recent development has provided an additional testament to the increased commercial relations between Beiteynu and Dankuk, further adding to the ongoing 20.7B LOD investments already pursued by major Beiteynuese and Kundrati institutions since 5300 in bringing net trade closer to the 40B LOD per year quotas marked by the partnership agreement, with Beiteynuese financial service companies expected to become increasingly more active in the Dankukian market, despite the Medinat Department's concerns on the regime's position towards foreign investors and especially of the seemingly "greedy" mentality of the Beiteynuese private sector.