Norilsk Nickel’s Private Pension Fund is preparing a statement for law enforcement agencies regarding damages caused to the fund by the company’s top management, headed by former chief executive and head of Onexim Group Mikhail Prokhorov. Norilsk Nickel’s Private Pension...
Pages
1 - 20 of 24
First | Prev. |
1
2
|
Next |
Last
Pulp Nonfiction: $240,000 Stolen From Post Office
..., robbed a Russian Post branch of 7.3 million rubles ($240,000). Police are searching for two men who, in under a minute, robbed a Russian Post branch of 7.3 million rubles ($240,000), cash that was at first reported to be earmarked for doling out pensions and state benefits but that the postal service later declared was for daily operating activity. Around 10 a.m. Friday at 44 Ulitsa Korneichuka in northeastern Moscow, masked men broke into the facility's back entrance with a crowbar, unleashed...
'Cheapness' Gap Closing as Russia Attracts Cash Inflow
... country funds." Russia can close the "cheapness" gap faster if it takes more aggressive measures to address investor complaints on issues such as corruption and excessive bureaucracy, Lacaille said. The government should overhaul the pension system, corporate governance rules and improve markets institutions "simultaneously" if it wants to transform Moscow into a financial center, he said. Addressing the "perception and the reality of corruption," as Prime Minister...
4 Fired in Kalashnikov Blunder
An established arms-producing plant fired four employees — including its deputy director for safety — after a stockpile of Kalashnikov rifles was mistakenly sold to a pensioner for $15 last month. An established arms-producing plant fired four employees — including its deputy director for safety — after a stockpile of Kalashnikov rifles was mistakenly sold to a pensioner for $15 last month, RIA-Novosti...
United Way of Russia Looks for Volunteers
... volunteers who will work with children on their reading, math or other academic skills. This type of volunteering requires someone who is willing and able to work for several months with a child or group of children. Alternatively, charities working with pensioners welcome volunteers to arrange parties around the May holidays. The pensioners usually have very interesting stories to tell about surviving the Great Patriotic War. The personal side is so interesting and the parties alleviate the isolation...
Post Offices Targeted in Heists
... in the second successful robbery of a city post office since Friday, Interfax reported. Moscow police said Sunday that they had detained a suspect in the holdup of another post office branch late last week in which more than 7 million rubles worth of pension funds was taken, RIA-Novosti reported. Retirees often collect pension payments from their local post office branches. Police say that robbery appeared to be an inside job, with a contact person at the post office branch tipping off the culprits...
World Bank Recommends Raising Retirement Age
... 2012-2020", RIA-Novosti reported. The low quality of the healthcare system leads to a rise in the cost of care and to people retiring earlier, Le Houerou said. He said many European countries are raising the retirement age in order to make their pension systems more stable. The current retirement age in Russia is 55 for women and 60 for men. Men in Russia have a life expectancy of 62, while women live on average to the age of 74, according to data from the World Health Organization. The World...
We Want Reforms, Not Revolution
... the advance of the middle class above the narrow objective of guaranteeing their own prosperity are the results of our efforts. This is what we wanted to achieve." It is clear that Putin is appealing largely to the poor, blue-collar workers and pensioners. He is trying to curry favor among disadvantaged and economically vulnerable citizens by tacking a few hundred extra rubles onto pensions, military salaries and paychecks to state employees. The more loyal these people are toward Putin, the...
Analysis: Taxes May Be Real Challenge to Putin
... hinder development are on the contrary very low," said Alexander Galushka, president of Delovaya Rossia. The lobby group's initiative reflects widespread discontent over high payroll taxes levied on employers to fund ballooning state outlays on pensions, health care and welfare benefits. The government last year attempted to raise payroll taxes from 26 percent of employee salaries to 34 percent. Following a backlash from business, it scaled back the rate to 30 percent, but businesses complain...
Thousands Rally as Political Forces Vie for Advantage
... across Russia and around the world Saturday. "Anti-Orange" warnings Across town at Poklonnaya Gora, an "anti-orange" rally was held at the same time as the opposition event and also drew a diverse crowd of demonstrators, including pensioners, Cossacks dressed in fatigues, and members of pro-Putin youth movement Nashi. A crush of demonstrators arrived at metro station Park Pobedy to attend the event, causing the station to close temporarily while they exited. A long line of buses...
National Funds Rising
... insure the budget against oil price shocks, had received a one-off injection of cash in January after the government ran a fiscal surplus in 2011, as earlier flagged by officials. The National Welfare Fund, mandated to cover the deficit in Russia's state pensions scheme, grew slightly in the past month to 2.68 trillion rubles ($88.33 billion) from 2.79 trillion rubles ($86.8 billion) in the month to Feb. 1. (Reuters)
IMF Voices Inflation Concerns
... target of 4.7 percent was suspended during the last financial crisis. Brekk said 4.7 percent could still be achieved by 2015. But the reduction of the non oil deficit will require fundamental public sector reform and budget cuts, he added. Russia's pension system, which accounts for 8 percent of GDP at the moment, is on an "unsustainable path," Brekk said, and will reach 15 percent of GDP by 2015 under current policies. In a "reform scenario" the IMF predicts that Russia could...
Urals Plant Makes New Electric Train
... Railways may sell between 10 billion rubles and 15 billion rubles (between $330 million and $495 million) of inflation-linked bonds this year, Bloomberg reported last week, citing deputy head of corporate finance Pavel Ilichev. The company is in talks with pension funds to sell the securities that may have a maturity of between 15 and 20 years, Ilichev said. 417712 179742
Ministry Branch 'Advised' Journalists on Putin Rally
... choice and to distance Prime Minister Vladimir Putin from the unpopular ruling United Russia party — which he leads, although he is not a member. “In general, show the volunteer atmosphere of the rally (happy faces, mothers with children, pensioners and middle-aged people),” it says. “Note that people came of their own free will.” Items not to show or mention, according to the memo, include: “United Russia or its symbols,” “local administration buildings...
Why Russia Needs Competitive Elections
... each is compelled to appeal to diverse constituencies. Both Putin and Zyuganov are unable to win these elections without at least 30 percent to 40 percent of the vote in Moscow and St. Petersburg. Prokhorov is even more dependent on solid support from pensioners and blue-collar workers. But that explanation overlooks the fact that candidates in many countries must receive support from a variety of groups to win 50 percent of the vote. The United States is no less diverse than Russia, but its more...
Political Posters Since Perestroika Go on Display
... and presumably also casting their ballots — in a voting booth. The most interesting and absurd part of the exhibit is of fake posters aimed against candidates. One begins with a candidate acknowledging "the difficulty of life for today's pensioners," before advertising a special sale for Siemens cell phones retailing for $159 — hardly a bargain for the elderly in 1990s Russia. Another example features a joint invitation from the Moscow Choral Synagogue and the Azerbaijani diaspora...
3 Parties Win Seats in Kazakh Parliament
... democracy and ease frustration over the unequal distribution of oil riches in the republic ruled by Nazarbayev since 1989. "The gap between rich and poor is too big. We shouldn't have splendor and squalor side-by-side," said Valentina, a pensioner in Kazakhstan's commercial capital and largest city Almaty, where voter turnout of 41 percent was the lowest in the country. Stability in Kazakhstan had been upset by a series of Islamist-inspired attacks even before the riots in Zhanaozen...
Good and Bad News of the Putin Era
... that contributed the most to this success: The establishment of a law-governed state that actively protects the legal rights of its citizens A policy of strict fiscal discipline, balanced budgets and a focus on instituting structural reforms to the pension system, energy sector, housing and utilities and health care; Lowering the tax burden, which paid off as total tax collections increased; The privatization of state shares in companies, which sent a clear signal that the economy would rely on...
Putin Realigns Positions in Writings
... talking about systemic corruption." He also quoted a World Bank ranking of the countries with the best business environment that put Russia in 120th place and its neighbor, Kazakhstan, in 47th. As well as a series of fiscal measures, including pension system reform, a reduction in the budget deficit and tax increases for the rich, Putin said he supported further rounds of privatizations and restrictions on the growth of state-owned companies. "It is essential to change the ideology of...
In New Tact, Putin Courts Middle Class
... described Putin's article as a direct "overture to the middle class," while dismissing it as "a very intelligent publicity stunt." "His advisers told him that the old program of United Russia would not work because it is aimed at pensioners," Mitrokhin told a news conference held by opposition politicians Monday. Political commentators noted that the phrase "vote from the heart" in Putin's article echoed the 1996 campaign slogan of his predecessor Boris Yeltsin...