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MT news
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?
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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.
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Wednesday, October 08, 2008
Updated at 08 October 2008 1:06 Moscow Time
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Issue 4005 Published: 8 October 2008 Download PDF
Medvedev Rides Video Into the Blogosphere
By Francesca Mereu / Staff Writer President Dmitry Medvedev has never been shy about showing off his Internet savvy, having spoken publicly about social networking sites and offering words of support for Russian web slang.
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Murdered Reporter Mourned
By Natalya Krainova / Staff Writer Several hundred people braved the rain Tuesday to gather in central Moscow and commemorate the second anniversary of the murder of Novaya Gazeta journalist Anna Politkovskaya.
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Auction Offers Artist Designs for Beslan Center
By Alexandra Odynova / Special to The Moscow Times Specially commissioned work by local artists will be auctioned off Thursday to raise money for repairs to a youth center in Beslan, the North Ossetian town that suffered deeply in the hostage siege four years ago.
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News in Brief
Pirates Reduce RansomTajikistan Jails WarlordLukashenko Assures RussiaOSCE: Don't Isolate BelarusKyrgyz Mourn Quake Dead
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Yushchenko Close To Calling Election
The Associated Press Ukrainian President Viktor Yushchenko edged closer Tuesday to calling an early parliamentary election, and he traded accusations with Prime Minister Yulia Tymoshenko over the collapse of their coalition.
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Arms Sales Defended
The Associated Press Foreign Minister Sergei Lavrov said Tuesday that the country's arms sales to Venezuela are intended for defense.
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Putin Shows His Judo Moves On New Instructional DVD
By THE ASSOCIATED PRESS / ST. PETERSBURG -- Vladimir Putin is out on video as a judo master. Vladimir Putin is out on video as a judo master. The prime minister on Tuesday presented an instructional judo DVD that bears his name and shows him throwing an opponent to the mat.
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Fans Pledge Loyalty to Putin With Padlock
By Svetlana Osadchuk / Staff Writer About 30 young people gathered in central Moscow on Tuesday to hang a ""ring of political fidelity"" to Prime Minister Vladimir Putin on Luzhkov Bridge and drink champagne to celebrate his 56th birthday.
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Retailer Woes Mount in Face of Crisis
By Tai Adelaja / Staff Writer A group of the country’s largest retailers said Tuesday that the liquidity crisis has crippled their businesses, forcing them to cut back on expansion and face the prospect of a massive consolidation.
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More Execs Expected to Leave TNK
Reuters Two vice presidents at TNK-BP will leave in October, sources said Tuesday, continuing an outflow of foreign managers that began during a recently resolved shareholder conflict.
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GAZ Sees Higher Credit Costs
Combined Reports Carmaker GAZ said Tuesday that it halted production of light commercial vehicles for four days because of increased credit costs.
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Energy Giants Join Race For Government Funds
By Richard Mably, Dmitry Zhdannikov / Reuters Four major energy companies have asked the government to lend state money on market terms to help refinance foreign debt and buy new assets abroad as they become cheaper, a top oil executive said on Tuesday.
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Steel Slowdown Leads to Output Cuts
By Nadia Popova / Staff Writer Steelmaker MMK said Tuesday that it was cutting production amid a drop in demand for steel and uncertainty in financial markets, while Novolipetsk, another top producer, said it was considering a similar reduction.
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Business in Brief
Kovykta InvestigationTimchenko's Novatek StakeRZD Profit Rises 3.6%UkrTatNafta Processing FallTNK-BP Hires OfficialFesco Unit Takes Out Loan
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Martin Gilman: What Will Happen Next to the U.S. Dollar
Last Friday, U.S. President George W. Bush lost no time in signing into law a highly flawed but seemingly inevitable $700 billion bailout package and $110 billion of add-on spending. Now, we all will have to live with the unintended consequences.
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Yulia Latynina: Crisis -- What Crisis?
I have been trying to understand the nature of Russia's economic crisis, but honestly, I don't see any crisis. Instead, I see a number of surprising moves by the government.
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