Relatively high salaries have been instituted to compensate for the peninsula's remoteness, but consumer prices are marked up to a ludicrous degree. Let's talk about money. Really, let's admit that we've always been talking about money, even when the subject might have seemed to be something else:...
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Africa Rises, Russia Falls
Africa is on the rise, while Russia is on the decline. The democratic idealism that accompanied the fall of communism 20 years ago is gone, but the "imperial pride" recovered during the Putin years may not be enough to compensate for the contempt with which the Russian state treats its citizens. . Russia is not Egypt. And Moscow is not on the eve of revolution as Cairo was less than a year ago. Indeed, Russia's powerful have at their disposal assets that former...
Europe's Rights Chief Offers Advice on Russia
... means alone in getting his attention, noting that he spent a lot of time last year on Britain's treatment of Roma travelers and many Western European countries' migration policies. On Russia, Hammarberg said small improvements in recent years could not compensate for the authorities' widespread inaction on human rights. As positive examples, he cited the fact that most regions now have ombudsmen — some of whom are "quite active and competent" — and have eased the process for citizens...
Putin's Regime Stole My Apartment
... construction shortly after all the apartments were sold. After one year of bickering and futile attempts to get our money back, we sued the developer. According to the contract, we were eligible to get our investment back and receive an additional compensation because the developer violated the terms of the contract. Then, we were told that the construction of the incompleted apartment building would be taken over by a state-controlled nonprofit company that was supposed to honor the investments...
VTB Buyback to Be on Bank's Dime
... from us at the initial price," Putin said. "And VTB is ready to do that from its profit but not from state money," Putin said. Last week, Putin, running in a presidential election next month, instructed the country's No. 2 lender VTB to compensate private investors, promising to provide "necessary resources" if needed. The buyback program could cost 15 billion rubles to 18 billion rubles ($500 million to $600 million) in total, VTB's head Andrei Kostin said. 179738
Norilsk Pension Fund Sees Mismanagement
... to the fund by the company’s top management, headed by former chief executive and head of Onexim Group Mikhail Prokhorov, the fund’s president Yelena Akifiyeva told Interfax. The fund also plans to turn to Prokhorov in an open letter on compensation for losses of funds set aside for payments to Norilsk employees. Akifiyeva said that as a result of the fund’s management by Norilsk’s top executives, led by Prokhorov, the fund lost 3.1 billion rubles ($100 million). In 2008...
Yavlinsky Says Yabloko Is in the Right
... Carnegie Moscow Center, who argued that Prokhorov lacked Yabloko's organizational resources. "Yavlinsky has trusted people in many regions, Prokhorov has nothing like that," she said by telephone. However, others said the billionaire could easily compensate for this with cash. "Prokhorov just has vast financial resources," said Leonid Gozman, a co-founder of Right Cause who left the party when Prokhorov was ousted in a coup he blamed on conservative forces in the Kremlin. Attempts to...
Possible Eurobond Tax Alarms Businesses
... chairman of state development bank Vneshekonombank, said in an interview in Davos, Switzerland, on Friday. “Banks will take a consolidated stand on that proposal,” he said. “It’s important to understand what is behind it, who will compensate them for the 20 percent loss.” Changes to budget legislation will be prepared in time to allow an interest-free installment plan for related tax liabilities, Interfax cited the Finance Ministry as saying on Sunday. Earlier the Finance...
VTB Buyback Idea Fails to Impress
... of an investment forum. In an obvious pre-election move, Putin, who is running for the presidency next month, proposed Thursday that VTB chairman Andrei Kostin consider buying back equity from participants in the “people’s IPO” to compensate their losses. The heavily promoted offering, which VTB made in May 2007, attracted $8 billion but left more than 100,000 retail investors in the hole after the company’s shares have slid by nearly 50 percent from the IPO price of 13...
Government Ponders $23Bln Budget Shifts Health and Education
... programs to 10 trillion rubles by 2020 and carried out an expensive reform program in the Interior Ministry. Transferring the costs of the police to the federal level in the next three years will require 567 billion rubles, and payments to the regions as compensation for their losses due to the reforms will cost another 210 billion rubles. An official close to the Defense Ministry confirmed that Deputy Prime Minister Igor Shuvalov has the task of cutting expenses in the line items of national defense...
Palladium Shortage Looms on Low Sales
... platinum or rhodium, according to London-based Johnson Matthey, which has made about one in three of them. They accounted for about 67 percent of palladium use in 2011. Struggle to Keep Up Mining companies are now struggling to expand output fast enough to compensate for the decline in sales from Russian reserves. They are digging deeper and finding ores containing less metal, contributing to an estimated 30 percent gain in South African mining costs in 2010 and 13 percent in Russia, UBS estimates. South...
German, Vladimir
... Created efficient personnel logistics and global mobility system, conducted journey management activities (up to 1000 airline and railway tickets annually); Organized and performed full scope of HR work including personnel planning, budget, compensation & benefits policy, payroll, mass recruitment, training & development, personnel relations, procedures, contracts and other documentation; Passed successfully different audits conducted by auditors from Head companies (France, Italy)...
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