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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?

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?



Wednesday, October 15, 2008 Updated at 14 October 2008 22:34 Moscow Time

Kozak Named Olympics Minister
By Nabi Abdullaev, Anna Smolchenko / Staff Writers Kozak will oversee preparations for the 2014 games in Sochi in his new post as deputy prime minister.

Gearing Up for a Shortage Of Jobs
By Courtney Weaver, Maria Levina / Special to The Moscow Times Massive layoffs have not started, but companies and employees are preparing themselves for the possible consequences of the financial crisis and a slowdown in growth across most sectors.

Russia Jumps on Global Market Bandwagon
By Jessica Bachman / Staff Writer Russian exchanges jumped on the global equity-market bandwagon Tuesday, posting their largest one-day gains in almost a month and outpacing other European indexes in percentage gains.

Icelanders Begin Loan Negotiations
By Anatoly Medetsky / Staff Writer A delegation from Iceland began loan negotiations at the Finance Ministry on Tuesday as the Nordic country's stock market plummeted 77 percent in its first day of trading since last week.

Vladimir Filonov / MT

Traders watching stock movements as they man the phones Tuesday at the Troika Dialog investment bank. Russian markets posted hefty gains for the day.more

Aeroflot's First Half Profits Dive 55%
Combined Reports Aeroflot said Tuesday that profits dropped 55 percent in the first half after prices for jet fuel surged and warned that full-year earnings might be little more than one-quarter of those of 2007.

Young Hockey Star Dies of Heart Attack
By Anna Malpas / Staff Writer Rising hockey star Alexei Cherepanov died of a heart attack Monday night after collapsing during a game in the Moscow region city of Chekhov.

16 Notaries Lose Jobs In Nepotism Lawsuit
By Francesca Mereu / Staff Writer Sixteen Moscow notaries, including relatives of senior officials, have lost their jobs and more heads could roll this week as a court considers a lawsuit alleging nepotism and corruption in the awarding of lucrative notary public licenses.

Russia Takes On Finland at Lokomotiv Stadium
By / Staff Writer Russia will play Finland at Lokomotiv Stadium Wednesday in a World Cup qualifier that the home team needs to win to boost its chances of qualifying for the tournament in South Africa.

News

Luzhkov's Deputy Retires	Duma Group Formed To Target Phone Theft
Serdyukov to Cut Military Staff	Suspect Arrested For Counterfeiting
Georgia Talks Downgrades Over Feud	Astronauts' Sons Meet in Space After Capsule Docks With ISS
Aliyev Poised to Win Re-Election	News in Brief
Abramovich Elected To Seat in Chukotka	Protesters Seek Yukos Lawyer's Release

Business

Business in Brief	Gazprom Unfazed by Palin Spiel
Syria-Turkey Gas Link Extension Planned	Huge Turkmen Gas Field Found
Sale Talks For News Outdoor Dropped	Reserve Requirements Reduced
Nabiullina Suggests China Trade Fund	Business in Brief
Prokhorov Warns Against Buyback	X5 Rises on Reported Loan Offers

Opinion

Op-Ed Contributor: Throw Anti-Graft Plan in the Trash Heap	Yulia Latynina: A Lonely Stand on South Ossetia
Fyodor Lukyanov: United States Lost Russia and Everything Else	Nikolai Petrov: Moscow's Last Stand in Regional Elections
Op-Ed Contributor: The Nuances of Diplomacy	Konstantin Sonin: Russia Remains Calm Before Financial Storm
Op-Ed Contributor: Turning Russia Into a Global Citizen	Richard Lourie: Gorbachev's Gallant Example
Mark H. Teeter: Even Stranger From Afar	Matthew Collin: Uncertain Future for Georgians in Abkhazia

Arts & Ideas

In the Spotlight	Architects in the City
Salon	New Look at an Admiral
Mad Monk Comes Home	Grace in Time
Image	Wanted
In The Spotlight	Not Just Hollywood

Career Center

Administration	Finance
Hospitality and Tourism	Human Resources and Education
Industry and Manufacturing	Law
Management	Marketing and PR
Non-Profit Sector	Real Estate & Construction
Retail & Distribution	Sales

Currency Exchange

USD/RUR - 26.1
EUR/RUR - 35.6

Weather

Moscow
Wednesday evening

Partly Cloudy 6^o C

Winds: W at 4.5 m/s Pressure: 744 mb Humidity: 90% more

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