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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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Tuesday, October 07, 2008
Updated at 07 October 2008 13:17 Moscow Time
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Issue 3938 Published: 7 July 2008 Download PDF
New Bill Targeting Graft at Customs
By Matt Siegel / Staff Writer A group of State Duma deputies on Friday proposed a major overhaul of the Customs Code aimed at simplifying the Byzantine process of importing goods into the country and stamping out corruption.
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Railway a Gauge of Sakhalin's Future
By Max Delany / Staff Writer Sakhalin is not only separated from the rest of Russia by several kilometers of water, but also by the 457-millimeter difference between the width of its train tracks.
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A Belgian Business Model for Making Dough
By John Wendle / Staff Writer Ian Zilberkweit understands how important bread has always been to Russians, and he is basing the success of his business here on the belief that he can do it better.
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News in Brief
Britain Feeling ThreatenedShootouts Kill in IngushetiaHotel Registration Gets OKPay Raise for Parties
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Dubrovka Proceedings Will Be Closed
By Nabi Abdullaev / Staff Writer Pending hearings at Europe's top human rights court into the 2002 hostage crisis at Moscow's Dubrovka theater will be closed to the public at the request of Russian authorities.
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Married Couple Charged In Killing of Norwegian
By Yelena Shuster / Special to The Moscow Times A married couple has been charged with the murder of a Norwegian man and his Russian wife in the southern city of Astrakhan, a top regional investigator said Friday.
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Abkhaz Blasts Draw Dueling Accusations
Combined Reports Georgian officials said there were five explosions near the de facto border between Georgia and its breakaway region of Abkhazia on Sunday, in the latest sign of growing tensions between Tbilisi and separatists.
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Bombing at Minsk Concert Injures 50
Reuters Belarussian President Alexander Lukashenko said there would be no general clampdown on his opponents on Saturday after a bomb explosion wounded about 50 people at a concert he attended the day before.
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Familiar Themes on a Different Scale
By Linda Sieg / Reuters Leaders of the Group of Eight are arriving this week in northern Japan to grapple with a raft of problems, from soaring food and fuel prices to African poverty and global warming, amid doubts about how much the annual pageant can achieve.
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Economic Issues Join Warming on G8's Agenda
Combined Reports The world's top industrialized nations face pressing financial and environmental troubles at their annual summit Monday, confronted with demands they reinvigorate the stumbling world economy, push ahead languishing climate change talks, and make good on pledges to battle poverty and hunger.
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BP to Sue AAR in London
Reuters BP said Saturday that it was suing its partners in TNK-BP in London for 8.4 billion rubles ($365 million), money it believes should not have been paid out as back tax claims in Russia.
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Supply Side Focus for Medvedev Trip
Combined Reports President Dmitry Medvedev wound up a three-state energy tour with talks in Kazakhstan on Saturday and Sunday, meeting with several regional leaders to consolidate his country's monopoly on transiting Central Asian gas.
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PwC Says Russian Bankers Report Different Concerns
By Maria Antonova / Staff Writer Bankers don't think alike after all. Amid a worldwide banking crunch, Russian bankers and their counterparts abroad view liquidity shortage as their biggest risk, according to a new report by PricewaterhouseCoopers.
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New Rules Up Sales of Breathalizers
By Maria Ermakova / Bloomberg Electronics giant Eldorado said Friday that sales of devices enabling users to test their blood's alcohol content surged 28-fold after the government eased rules on drinking for drivers.
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Renova, Arms Exporter to Buy Zinc Deposit
Bloomberg Billionaire Viktor Vekselberg's Renova Group said Friday that it would buy the country's biggest untapped zinc and lead deposits with state-controlled arms exporter Rosoboronexport.
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Vyborg Begins Building Shtokman Rigs
Bloomberg Vyborg Shipyard on Friday began building the first of two drilling rigs for Gazprom's Shtokman project in the Barents Sea as the country seeks to develop Arctic energy deposits.
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Court's Comments Offend Deripaska
By Nadia Popova / Staff Writer Oleg Deripaska defended the Russian judiciary on Friday, saying he was ""offended"" by comments from a London High Court judge who ruled that possible dangers in Russia meant a $4 billion lawsuit against him could proceed in Britain.
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Business in Brief
H1 Trade Surplus Estimates$12.3Bln H1 Capital InflowRusAl on Norilsk ChairmanUralSib Borrows $313MTrain Maker Eying RussiaEnd to Baltic Export RoutesFor the Record
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Mark H. Teeter: The Talented Mr. Ripsky
To the relief of anxious Russian males currently looking down the business end of an army induction notice, Culture Minister Alexander Avdeyev has come up with a plan to help them beat conscription.
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Less Is More
John McCain would kick Russia out of the Group of Eight economic powers, but this is no time to think small. The G8 leaders themselves should declare surrender and disband their high-profile huddle on the state of the world.
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Time to End Prison And Brutality
Eight employees at a Chelyabinsk region prison have been arrested in connection with a riot at the institution in May that ultimately led to the deaths of four inmates.
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Currency Exchange
USD/RUR - 26.2 EUR/RUR - 35.6
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