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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 4007
Published: 10 October 2008
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News

Investment Banks Struggle to Adapt
By Max Delany, Nadia Popova, Maria Levina / Special to The Moscow Times After almost a decade of lightning-quick growth and skyrocketing salaries, Russia's investment banking sector has been brought down to earth with a thud by the global financial crisis.

Markets Post Gains After Surprise Opening
By Maria Levina / Special to The Moscow Times Trading on Moscow's stock exchanges resumed unexpectedly Thursday after the country's market regulator went back on a decision from a day earlier to keep them closed until Friday, triggering confusion and complaints on the part of some investors.
Khodorkovsky Gets Solitary for Interview
By Anna Malpas / Staff Writer Jailed businessman Mikhail Khodorkovsky has been placed in solitary confinement in a Siberian prison for giving an interview to the Russian version of Esquire magazine, his lawyers said Thursday.
Yushchenko Dissolves Rada, Calls Vote
By Maria Danilova / Staff Writer Ukrainian President Viktor Yushchenko decreed a Dec. 7 date for early elections Thursday after dissolving the parliament.

Putin Refuses Call to Fire Kudrin
Reuters Prime Minister Vladimir Putin brushed aside a demand by the Communist Party to fire Finance Minister Alexei Kudrin on Thursday, saying now was not the time to discuss mistakes made by economic authorities.
Medvedev Gets Deal on Kyrgyz Bases
By Anatoly Medetsky / Staff Writer President Dmitry Medvedev got an agreement for the development of military bases in Kyrgyzstan, already home to an Air Force base, as he met with Kyrgyz President Kurmanbek Bakiyev in Bishkek on Thursday.
Military to Cut to 1 Million Soldiers by 2012
The Associated Press Russia plans to trim its armed forces by more than 10 percent by 2012, with radical cuts among the officer ranks, Defense Minister Anatoly Serdyukov said.
Poles Make Arrest in Attack on Deputy Mayor
Combined Reports Polish police have arrested a Russian citizen wanted in his country for purportedly taking part in the 2002 attempted assassination of former Deputy Mayor Iosif Ordzhonikidze, Polish authorities said Thursday.
News in Brief
Russia Blasts 'Secretive' PactBank Employee TorturedBulbov's Secretary ChargedNATO Urged for Georgia

Business

Severstal Cuts Back At 2 Plants in U.S.
By Nadia Popova / Staff Writer Severstal is putting 800 workers on part-time shifts at two of its plants in Ohio until further notice due to the economic slowdown in the United States, a negotiator for the plant’s labor union said Thursday.
Magnit Share Sale Shelved After Drop
By Tai Adelaja / Staff Writer Magnit said Thursday that it was canceling a planned sale of 3 million shares after the food retailer's London-listed shares plummeted 31 percent the day before.

Court Overturns Dudley Work Ban
The Associated Press The Moscow City Court on Thursday overturned a court order barring TNK-BP chief executive Robert Dudley from working in Russia for two years.
Deripaska's Stake In Strabag Safe
Bloomberg Strabag CEO Hans-Peter Haselsteiner on Thursday moved to keep Oleg Deripaska as a shareholder, agreeing with banks to refinance 500 million euros ($683 million) of loans he used to gain a 25 percent stake in the company.
Business in Brief
Moody's Cuts Bank SoyuzMosPrime Rate JumpingKazakhs Pass on NabuccoCherkizovo H1 Profit RisesUralsvyazinform on Its DebtBlavatnik Gets Gibson's IconFor the Record

Opinion

Michele A. Berdy: A Collapse, by Any Other Name ...
hat's in a name? Judging by the somewhat frenzied naming and renaming of the plan to save the U.S. economy -- a great deal. First it was dubbed the bailout plan.
Finding Energy to Beat a Recession
As a global economic recession looms, the medium-term development prospects for the world's energy sector will change substantially.


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Archive


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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