Issue #1148 (14), Tuesday, February 28, 2006 | Archive
 
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS Follow sptimesonline on Livejournal Follow sptimesonline on Vkontakte

LOCAL NEWS

AFRICAN STUDENTS PROMOTE RACIAL AWARENESS

Members of St. Petersburg’s African community last week wound up the first 45-day phase of a proactive awareness campaign aimed at fighting racism and xenophobia after five hate murders were committed in the city in less than five months.

The Africans believe the rising wave of hate crimes, which began in September, is due partly to lack of information about Africa and cultures alien to Russia.

 

TWO KYRGYZ WOMEN ATTACKED NEAR HOSTEL

A Kazakh woman with Kyrgyz citizenship was stabbed to death by a group of young people on Friday in St. Petersburg in what could have been an ethnically motivated attack, police said Sunday.

Russia To Try To Soothe Eastern European Ties

MOSCOW — President Vladimir Putin makes a sensitive visit to Eastern Europe this week to try to convince countries that suffered most from gas disruptions this year that Russia can be trusted as a supplier.

Putin will also use his trip to Hungary and the Czech Republic to build bridges with two new European Union members, both former Soviet satellites, to try to counter the high regional profile of Poland, which Moscow views with suspicion, experts said.


All photos from issue.

 

NATIONAL NEWS

EX-PM SETS UP POLITICAL MOVEMENT

MOSCOW — Ex-prime minister Mikhail Kasyanov, now a critic of the Kremlin, said on Monday he would set up a new political movement in an attempt to consolidate the splintered opposition.

Kasyanov’s plan to create a movement, for which he offered no name, follows the scuttling last year of his bid to enter the political mainstream by taking control of a small party.

 

MOSCOW MARKET ROOF COLLAPSE KILLS 66

MOSCOW — Investigators are focusing on whether a design flaw or poor maintenance caused the roof of the Basmanny food market to collapse in east central Moscow last week, killing at least 66 people, mostly Azeri vendors.


 

LOCAL BUSINESS

LABOR SHORTAGE FORCING IT FIRMS ABROAD

Faced with exhausted supplies in St. Petersburg, a local software outsourcer is looking to other CIS countries for its IT professionals, a trend that many experts expect to continue. In accordance with their strategy of expanding Research and Development in Eastern Europe, StarSoft Development Labs will announce the opening of a new R&D office in the CIS by April.

 

CONTRACTORS CHOSEN FOR ISLAND PORT

The managing company of Morskoi Fasad (Sea Facade) has chosen contractors for the passenger port at Vasilievsky island, the company said last week in a statement.

STRICT RULES FOR DEVELOPERS OF NEW GREENFIELD SITES

Rent agreements for large-area residential complex development on greenfield sites will be introduced April 1 under a new public tender scheme, City Hall’s Construction Committee announced in a statement last week.

The committee plans to auction plots measuring more than 100 hectares that have no engineering infrastructure and that are exempt from property and legal obligations.

 

IN BRIEF

Stadium Tender

ST. PETERSBURG (SPT) — City Hall announced a tender for the construction of a new football stadium on Krestovsky island, Interfax reported Monday.

SHUTTLE TRADERS FACE STRINGENT NEW RULES

MOSCOW — The government on Sunday cracked down on the country’s shuttle traders, drastically cutting the weight limit on goods that can be brought into the country by individuals without paying customs duties.

The tougher rules, which came into effect Sunday, are a major blow to shuttle traders, or chelnoki, who during the 1990s introduced millions of Russians to basic foreign-made goods, including clothes and housewares.

 

MINING FIRM AMUR AIMS TO RAISE 10M

MOSCOW — Mining company Amur Minerals plans to raise $10 million in a London flotation next week to finance a nickel and copper project in the Far East’s Amur region.

RTS Index Bursts Past 1,500 Points

MOSCOW — The RTS Index of the country’s top 50 companies hit a new record on Sunday, bursting through the 1,500-point level for the first time as foreign funds continue to pour money into Russia.

The country’s leading equity benchmark has risen by more than 33 percent since the start of this year, after surging by 82 percent in 2005.


 

STOCKS

IN BRIEF

Railway Investment

MOSCOW (Bloomberg) — Russian Railways, the nation’s rail monopoly, plans to invest 8.9 billion rubles ($316 million) by the end of 2006 to upgrade a link to China and increase oil exports.

The company is modernizing its Karymskaya-Zabaikalsk line by expanding stations, adding rail tracks and bridges, the company said Monday in an e-mailed statement.


 

OPINION

AN ACT OF REPENTANCE

Fifty years ago Saturday, Soviet leader Nikita Khrushchev’s “secret speech” at the 20th Communist Party Congress changed both his country and the world. By denouncing Stalin, whose god-like status had helped to legitimize communism in the Soviet bloc, Khrushchev began a process of unraveling it that culminated in 1991 with the collapse of the Soviet Union.

 

THE DISCREET FEARS OF THE BOURGEOISIE

‘Can you imagine — I was at my son’s school for a quarter of an hour and my car disappeared!’ So my friend, a successful businesswoman, related her sad story to me.

Dagestan Needs More Than a New Leader

There was rejoicing last Thursday at government headquarters in Makhachkala. Magomedali Magomedov, who had ruled Dagestan since 1991, was in Moscow to meet with President Vladimir Putin. Immediately after the meeting, Magomedov called to say that he would be staying on as head of the republic.

Rumors of Magomedov’s retirement had been circulating in Dagestan for years, fueled by the leader’s advanced age, the chronic corruption of his regime and the epidemic of murders in the republic, where the body count surpasses that in Chechnya.


 

WORLD

SAUDIS FOIL AL QAEDA ATTACK ON OIL PLANT

RIYADH, Saudi Arabia — Saudi forces on Monday killed five suspected militants believed to be linked to an Al Qaeda attack on the world’s biggest oil processing plant, the Interior Ministry said.

A shootout erupted at dawn after security forces besieged suspects in a villa in east Riyadh where several Western residential compounds are located.

 

IN BRIEF

Red Ken Suspended

LONDON (Reuters) — London’s outspoken Mayor Ken Livingstone was suspended from his job running the British capital for a month on Friday after being found to have brought his office into disrepute for comparing a Jewish reporter to a concentration camp guard last February.


 

SPORT

WINTER GAMES END WITH GOLDEN FINALE

TURIN — The Turin Olympics came to a spectacular end on Sunday with a closing ceremony in the form of a carnival celebration marking the finish of 17 days of action at the Winter Games.

The two-and-a-half hour ceremony, twinning carnival with a circus theme, drew to a close a Games that Olympic chiefs hailed as a success, pushing memories of a doping controversy deep into the background.

 

ST. PETERSBURG’S HEROS ON THE MARCH AS LOCAL TEAMS ADVANCE

As Russia celebrated its menfolk during the “Defenders of the Fatherland” holiday last week, St. Petersburg sportsmen were victorious in football and basketball.

Stars Take Stand Against Racism

MADRID — Barcelona playmaker Ronaldinho said if his teammate Samuel Eto’o had walked off the pitch on Saturday after being racially abused during their Primera Liga match at Real Zaragoza, he would have gone as well.

The Cameroon international tried to leave the pitch in the second half, appearing to say that he was fed up with the racial abuse being directed at him by the home fans, but was convinced to stay by players and coach Frank Rijkaard.

 

BUSINESS SPECIAL

WHICH MBA LECTURER IS BEST FOR YOU?

Russian professor or foreign theorist, classic academic versus experienced practitioner — when it comes down to getting your MBA who will do the best job? To simplify the choice we asked local business schools and ex-students to highlight some differences.

 

A SEA OF OPPORTUNITY

How can you choose the right MBA program to support your future career? How can one decide what matters most without getting lost in a maze of information? The St.

THE PROS AND CONS OF DISTANCE LEARNING

With the incredibly busy schedule of most top managers who are living life in the fast lane, distance learning MBA programs have gained more and more popularity among students all over the world. Nevertheless, such a process of learning remains relatively unfamiliar in Russia – we seek to find out why.

 

FINDING THE TIME FOR AN MBA

Management is a rather time-consuming activity. The working day of an average Russian manager, if energetic and highly motivated, can last up to 14 hours, sometimes sacrificing weekends for an important project.

THE MBA EXPERIENCE

What benefits can an MBA degree bring to its holder? It seems rather obvious at first. But holding an MBA in Russia may not bring the exact results one might have thought.

A recent international recruitment and salary survey from TopMBA, the self-proclaimed “world’s leading network for top careers and education,” showed that a growing number of companies all over the world now see an MBA as an essential management qualification even at entry-level.

 

MBA TOUR HEADS TO MOSCOW

As demand for MBA graduates continues to rise, the popular World MBA Tour will be returning to Moscow on Monday, March 13, to give potential Russian applicants, schools and employers a chance to meet, discuss and assess the current state of the market.

CERTIFYING AN MBA

The reputation of an MBA program is among the most decisive factors in choosing an MBA program for more than 47 percent of the potential applicants, according to a recent survey by Begin Group Company.

Many students consider whether the program is officially accredited as an important part of its image, the survey said.

 

MBA – WHAT IS IT GOOD FOR ?

Having co-founded one of Russia’s leading management magazines, Top Manager, and as general director of the Top Manager Publishing House, Irina Shultz felt that an MBA qualification would greatly improve her management skills and recently completed her courses at the St.

Finding the Finance for an MBA

Often it’s companies who sponsor MBA students. Of course some MBA hopefuls sponsor themselves, but what if you represent the not-so-rare breed of ambitious young professional who just can’t afford the prestigious business degree without some help? We look at how MBA students in Russia finance their studies.



 
St. Petersburg

Temp: -2°C overcast
Humidity: 93%
Wind: S at 4 mph
08/04

-5 | 1
09/04

-4 | 0
10/04

-2 | 0
11/04

-1 | 0

Currency rate
USD   31.6207| -0.0996
EUR   40.8413| 0.1378
Central Bank rates on 06.04.2013
MOST READ

It is a little known fact outside St. Petersburg that a whole army of cats has been protecting the unique exhibits at the State Hermitage Museum since the early 18th century. The cats’ chief enemies are the rodents that can do more harm to the museum’s holdings than even the most determined human vandal.Hermitage Cats Save the Day
Ida-Viru County, or Ida-Virumaa, a northeastern and somewhat overlooked part of this small yet extremely diverse Baltic country, can be an exciting adventure, even if the northern spring is late to arrive. And it is closer to St. Petersburg than the nearest Finnish city of Lappeenranta (163 km vs. 207 km), thus making it an even closer gateway to the European Union.Exploring Northeastern Estonia
A group of St. Petersburg politicians, led by Vitaly Milonov, the United Russia lawmaker at the St. Petersburg Legislative Assembly and the godfather of the infamous law against gay propaganda, has launched a crusade against a three-day exhibition by the British artist Adele Morse that is due to open at Geometria Cafe today.Artist’s Stuffed Fox Exercises Local Politicians
It’s lonely at the top. For a business executive, the higher up the corporate ladder you climb and the more critical your decisions become, the less likely you are to receive honest feedback and support.Executive Coaching For a Successful Career
Finns used to say that the best sight in Stockholm was the 6 p.m. boat leaving for Helsinki. By the same token, it could be said today that the best sight in Finland is the Allegro leaving Helsinki station every morning at 9 a.m., bound for St. Petersburg.Cross-Border Understanding and Partnerships
Nine protesters were detained at a Strategy 31 demo for the right of assembly Sunday as a new local law imposing further restrictions on the rallies in St. Petersburg, signed by Governor Poltavchenko on March 19, came into force in the city.Demonstrators Flout New Law