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Jobs & Careers (Fall 2008)

Everyone has an opinion about the 'chinovnik' - the Russian civil servant. But what do they say about themselves? For the fall edition of Jobs and Careers we spoke to two civil servants. They're young, hard-working and ambitious. And according to one of Russia's top captains of industry, they'd be far better advised to go into business. "There are young people who go to work in state service right after graduation," said billionaire Mikhail Prokhorov in a recent speech to students at his alma mater, the state Financial Academy. "I recommend that you only go into business. Only there will you find drive and real life." So why is it that so many young people, against his advice, are still trying to make a career in the civil service and what are the prospects? And is it something they'd recommend to other young people looking for a high-flying career?



Rambler's Top100

Market Matters: RTS Has Toughest Week Since '99
Trading on the dollar-denominated RTS exchange was suspended three times on Friday as anxiety deepened over whether the U.S. House of Representatives would pass a $700 billion financial sector bailout package and share prices on Russian and international markets plummeted.

Will PR specialists save the world? The financial crisis has added extra work to them.PR agencies are not left at a loose end either. Will this become a test for Russian PR specialists in the area of finance? How far has the Russian PR progressed at all?

Issue 3826
Published: 23 January 2008
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Business

Gazprom to Buy Serbian Gas Firm
By Alex Osipovich, Max Delany, Tai Adelaja / Staff Writers Russian energy ambitions in the Balkans received a shot in the arm Tuesday as Serbia backed Gazprom taking a major stake in its state oil and gas company and approved a branch of the South Stream gas pipeline through the country.
Business in Brief
Mitvol Gets New BossBonds Raise $37Bln in 2007Banking Assets Rise 43%Rosbank Assets at $21BlnCB Pledges to Bolster RubleTransneft, Sovcomflot DealEDF Bids for OGK-1TGK-2 Output Up 3.4%Norilsk Hit With Price CapMechel Appoints CFONutritek Names CEOBelon Posts 37% GainWheat Harvest Up 9.8%Kaliningrad Gambling ZoneUkraine Blocks ExtractionPipeline to China StartsSpyker in the Black Soon
X5 Sales Up by 57% on Store Openings
By Maria Ermakova / Bloomberg X5 Retail Group, the country's largest supermarket company, said fourth-quarter sales rose 57 percent after it added stores and fewer people shopped at open markets.
Tycoons Again Put Off Assets Split
Reuters Mikhail Prokhorov and Vladimir Potanin have failed to agree on the liquidation of a jointly owned firm valued at $11 billion to $14.7 billion and postponed a decision until Feb. 29, Prokhorov's Onexim Group said.
RusAl, Norilsk Discuss Full Merger
Reuters United Company RusAl, which is buying a strategic stake in metals major Norilsk Nickel, is discussing a full buyout or a merger, one of RusAl's shareholders said Tuesday.
Nord Stream Partner Calls for EU Support
Reuters Baltic gas pipeline consortium Nord Stream needs more backing from the EU executive to meet its time schedule, shareholder Wintershall said Tuesday.
Offshore Rig Import Duties Canceled
Reuters The government has abolished for two years import duties and customs taxes for offshore drilling rigs temporarily imported for exploration work, it said Tuesday.
Markets Rebound After Fed Cut Offers Hope
By Catrina Stewart / Staff Writer Russian markets had a rollercoaster ride Tuesday, recovering after an initial freefall to drop by just over 1 percent amid bargain-hunting, while a surprise early decision by the U.S. Federal Reserve to slash interest rates looked to be calming investors.
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Hurdles Ahead.

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Rich Get Richer as Poor Get Poorer

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Columnists

A Collapse, by Any Other Name ...
By Michele A. Berdy

Private Sector Under Attack
By Alexei Bayer

Uncommon Sense
By Georgy Bovt

Crisis -- What Crisis?
By Yulia Latynina

What Will Happen Next to the U.S. Dollar
By Martin Gilman

A Selective Definition of Democracy
By Alexei Pankin

Medvedev's New Doctrine
By Alexander Golts

Making Strategic Assets Accessible to Investors
By Vladimir Frolov

Prepare for a Bumpy Ride
By Boris Kagarlitsky

Why Russians Put Stalin at the Top of the List
By Yevgeny Kiselyov

Medvedev's Cure for the Far East
By Nikolai Petrov

Global Economy Rests On American Shoulders
By Konstantin Sonin

U.S. Should Recognize South Ossetia
By Richard Lourie

Russia's Animated Debate
By Mark H. Teeter

Georgia Sees Reminders Of the War Everywhere
By Matthew Collin

A Frightful Wake-Up Call
By Anders Aslund

Walking Carefully From Transdnestr to Yerevan
By Fyodor Lukyanov
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