The International College of Economics and Finance, established jointly by the London School of Economics and the Higher School of Economics (Moscow), is inviting applications for part-time teaching positions in Economics, Finance, Statistics, Mathematics, Humanities (taught in...
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Newsmaker: Scholarly Belousov Viewed as Putin's Chief Economic Ally
Dapper, gray-haired Economic Development Minister Andrei Belousov, 53, had a distinguished academic career before entering full-time public service. Vedomosti Belousov Dapper, gray-haired Economic Development Minister Andrei Belousov, 53, had a distinguished academic...
Economic Forecast Held Hostage to Putin
The Economic Development Ministry expects the country’s economy to grow 3.4 percent this year before expanding 4.7 percent in 2015, according to an updated version of the forecast that was approved at the Presidium meeting chaired by Prime Minister Vladimir...
Q1 Economic Growth Surprises at 4.9%
... consumption growth to slow down later in the year as the government tightens spending and raises household utility prices. The preliminary GDP headline reading, which is often subject to revision, was higher than an initial estimate of 4 percent made by Economic Development Minister Elvira Nabiullina last month. 179738
Citibank Sees Ongoing Challenges to Economic Stability Ahead
... story" of companies benefiting from consumer growth, including Sberbank, VTB and Internet provider Yandex, Bond added. But their equities are illiquid and only account for about a quarter of the market. The shadow of political risk also hangs over the economic outlook, said Citibank, which has been consistent in its view that the urban protest movement that erupted after Dec. 4 Duma elections last year is not an ephemeral phenomenon. A demonstration in Moscow on May 6 was attended by about 50,000...
How to De-Spook Investors
Political uncertainty, now affecting almost all of the world's major economies, has combined with economic unpredictability to create an even more uncertain backdrop for global markets. Political uncertainty, now affecting almost all of the world's major economies, has combined with economic unpredictability to create an even more...
France's Electoral Guillotine
Few people doubt that socialist Francois Hollande will become the new French president in May. His rival, incumbent President Nicolas Sarkozy, came to power five years ago promising to increase living standards, stability and economic growth. Soon after, the global economic crisis hit, and the measures France and Germany employed to overcome the crisis resulted instead in the economic collapse of Greece and Spain. Few people doubt...
New Cabinet Has Familiar Cast of Characters
... Health and Social Development Ministry will be split in two, the Sports Ministry lost its “tourist” portfolio, and a new ministry was created to develop the Far East. Putin warned the new Cabinet that they faced a tough challenge amid global economic turmoil. “The situation in the global economy is unclear; there are quite a lot of factors that make it opaque,” Putin said in televised remarks. “You will have to fulfill a program of Russia’s development in these conditions...
Bank's Top Managers Go for Extra Training
In June, 500 of Sberbank's top managers will complete an advanced training course developed by INSEAD and the New Economic School. When they finish, another 500 will take their places. The bank foresees that no less than 85 percent of its management will participate in the program. In June, 500 of Sberbank's top managers will complete an advanced...
Cyprus Will Remain a Valuable Partner for Russia
... authorities, and in particular against "fishing expeditions," but no mention is made of these positive aspects in Klein's comment. These factual errors and omissions are only part of the picture, however. Klein's comment presents Cyprus as an economic basket case that has been used by sleazy Russian businesses solely as a tax haven. Nothing could be further from the truth. Cyprus has the highest standards of transparency, integrity and corporate governance. Cyprus is a member of the European...
Goldman Sees Insufficient Scale of Road Building
... already has. Russia has managed to maintain its railroads, ports and existing airports, although development of civil aviation in the regions remains weak. But roads are the area in greatest need of investment, according to the analysis. In the World Economic Forum’s competitive rating, Russia gets 130th place for road quality, below Angola, Kyrgyzstan and Tajikistan. Expenditures on road construction are growing — from 255 billion rubles ($8.5 billion) in 2005 to 545 billion rubles in...
The Impact of Recent Legislation on Russian M&A Deals
As analysts have pointed out, the prompt Russian economic recovery and subsequent oil price escalation caused an increase in M&A activity in 2011. Amid the global financial crisis and the economic downturn in Europe and the United States, the Russian economy is especially attractive for foreign investors...
Uzbekistan Plans Privatization Drive
... will be made available for purchase. Privately owned news portal UzReport.com cited government officials as saying one aim was to attract foreign investors to help boost Uzbekistan's technological capacity. Uzbekistan has pursued a strict policy of economic self-reliance since gaining independence in 1991, but it has recently shown increasing openness to international financial support. The government in April announced that it was seeking to attract investors with new tax concessions and rules...
Diki Kapitalism: No Dramatic Change in New Government
... business leaders are happy and praised the "stability" the new cabinet brings. The reaction to the new government has largely been neutral to negative. Perennial hopes that Russia was finally going to embark on a radical and rapid course of economic reform and political liberalisation failed to materialise — but then such hopes always have. That is not how Russia works. The Kremlin doesn't do radical. Business leaders are happy at least and praised the "stability" the new...
Capital Outflows Estimated at $8Bln in April
Capital flight reached an estimated $8 billion in April, a much larger amount than expected. Capital flight reached an estimated $8 billion in April, a much larger amount than expected, Deputy Economic Development Minister Andrei Klepach said Monday. After net outflows of $35 billion in the fourth quarter of 2011 and $35.1 billion in the first quarter of 2012, the Economic Development Ministry had predicted that the rate of capital flight would...
Kremlin Aide Tries to Smooth Over G8 Attendance Flap
World leaders have indicated they are ready for productive work with Prime Minister Medvedev at the G8 summit, a Kremlin economic aide said. Correction appended The leaders of seven of the world's largest economies have made it clear that they are ready for productive work with Prime Minister Dmitry Medvedev at the G8 summit where he will represent Russia instead of...
How to Win in the Human Age
We live in the most transformative era the world has ever seen. The familiar economic systems and structures that have evolved over time, and that our models and business strategies so deeply rely on, are changing as a result of powerful macro-economic forces conspiring to reshape our world. Felix Kugel Vice President & Managing...
Putin Will Address St. Pete Forum Next Month
Vladimir Putin will deliver a speech as the new Kremlin leader at the St. Petersburg International Economic Forum next month, and investors will have a chance to meet the new Cabinet, a presidential aide said Friday. Vladimir Putin will deliver a speech as the new Kremlin leader at the St. Petersburg International Economic Forum next month, and investors...
Shuvalov Maneuvers for Power in New Government
First Deputy Prime Minister Igor Shuvalov staked a claim Monday to stay on as the government’s No. 2, signaling continuity on economic policy and potentially weakening Prime Minister Dmitry Medvedev’s future role. First Deputy Prime Minister Igor Shuvalov staked a claim Monday to stay on as the government’s No. 2, signaling continuity on economic policy and potentially...
Foreign Investors Applaud Stability
Foreign investors praised the new Cabinet on Monday as a sign of economic stability, but said it reflects that Vladimir Putin is firmly in charge and no significant policy changes are in the offing. Foreign investors praised the new Cabinet on Monday as a sign of economic stability, but said it reflects that Vladimir...
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