Last Updated: 07/30/2010

Russians Shy Away From Specialization

The specialist MBA, a concept that may seem a contradiction in terms, had a growing presence in Russia before the crisis. However, over the last year this academic commodity has all but disappeared from the country’s business education market, research has shown.

Russian Education Endowments Lag Behind

By Tatyana Martyanova / Vedomosti
Almost three years after the law on endowment funds was passed, about 50 such funds have been created in Russia, with the value of roughly 70 percent of them totaling 2.7 billion rubles ($90 million) according to an estimate by the Donor’s Forum Association, which runs the Development of Endowments in Russia program.
Sergei Porter / Vedomosti

Demand for MBAs in Russian

The world’s third most-spoken first language and, more importantly, its most popular second language, English is often, somewhat ironically, labeled the lingua franca of the business world.





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Market Overview

No Great Expectations

Russia’s crisis persists and this year there will still be job cuts, albeit in specific sectors, so don’t expect the kind of growth in the labor market we saw prior to the economic downturn. This was the broad outlook for 2010 among leading recruitment consultants in Russia — who also mentioned the outside possibility of a second dip later in the year, general concerns over indebtedness among firms and the perception that this will prove to be a transitional year for the market.


Head to Head

Pipeline Management

Educating a workforce requires careful coordination. To ensure that companies have a sufficient supply of potential managers, HR departments and business schools often work together to provide individuals with the skills their firms are looking for. But the MBA, one of the tools they use, has come in for criticism recently. Chris Willett brought together Svetlana Chekalova, HR director at Sibur, and Sean Meehan, dean of external relations at IMD, to try to find out the true value of business education and how Russian companies could better exploit it.



Harnessing the Power of Social Networking

Manpower Inc.
Companies have often played catch-up in understanding how to harness new technologies without overmanaging them.

How Career Opportunities Drive Business Performance

Managing Director of Russia & CIS
The case for developing talent has always been clear: If an organization is to achieve its primary objectives, it must align talent with strategy by developing a work force with the necessary capabilities. Career development not only equips employees to perform, but also inspires them to do so. It motivates them to make the most of the skills and capabilities they acquire.

‘Gold’ Card for ‘Gold’ Foreigners

PricewaterhouseCoopers
From July 1, 2010, the amendments to Federal Law No. 115-FZ concerning the legal status of foreign citizens in the Russian Federation will come into force. These amendments will significantly simplify the procedure for obtaining work permits for highly skilled foreign specialists.

A Chink in the Armor of Migration Rules for Expat Specialists in Russia

Baker & McKenzie, Moscow
The foreign business community in Russia has for years found the migration rules governing foreigners working in Russia to be unduly complicated and bureaucratic, and this has substantially spoiled the investment climate in the country. Now, the time has come when change has become inevitable.

Tatiana Nikulshina to Lead PBN in Russia

Tatiana Nikulshina, one of Russia's top strategic communications executives and a pioneer in the financial, corporate and marketing communications professions since 1993, has been named Senior Vice President and Managing Director of The PBN Company.  She was also appointed to the firm's global Executive Committee.

Ivan Marisin and Team Join Dechert's Expanding Moscow Office

Dechert LLP is pleased to announce that Ivan Marisin has joined its Moscow office as a partner and Head of Dispute Resolution in Russia, the CIS and Eastern Europe. Joining him are counsel Vasily Kuznetsov and associates Vitaliy Skibin and Alexander Sidorov.

New appointments at Clifford Chance Moscow

Nicholas Munday, head of litigation and arbitration in London, has been relocated to the Moscow office of Clifford Chance to further strengthen its cross-border litigation and arbitration practice in Russia.

Torsten Syrbe, a long-standing Moscow counsel and head of the firm's Russian competition group, has been promoted to the partnership.

Nicholas Rees, London corporate partner, has moved to the Moscow office bringing extensive English law expertise.

White & Case LLC is pleased to welcome two new partners to the partnership.

White & Case LLC is pleased to welcome two new partners to the partnership.

Andrei Dontsov specializes in joint ventures, and mergers and acquisitions.
He advises clients in the telecommunications, FMCG and financial sectors.

Maria Oleinik focuses on mergers, acquisitions, joint ventures, disposals, and financings, with a particular emphasis on the oil and gas, mining and heavy industries sectors.  





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