Word: oleg
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...There are significantly fewer tourists coming to Russia right now, and this is negatively affecting our sales," says Oleg Korotkov, director of Semyonovskaya Painting, a top Russian handicraft maker. Korotkov's company, which is based in the Nizhny Novgorod region of central Russia, seemed to be weathering the storm until the financial crisis finally struck him and his 70 employees around the end of January. Orders from within Russia have fallen fivefold, he says, while combined foreign and domestic sales have fallen 30% to 40% this year. "Our sales were supported through the end of the year just on inertia...
...laws may find themselves forced to take a page out of Ilya Glazunov's book. Last week, Putin visited Glazunov, one of Russia's most famous painters, at his studio on the artist's 79th birthday. The Prime Minister paused in front of a painting of a knight, Prince Oleg with Igor, which Glazunov had completed in 1973. Then he offered his critique that the sword in the painting was too short. "It would only be good for cutting a sausage," Putin said. (See pictures of Putin's Patriotic Youth Camp...
...water was shut off after residents couldn't pay their bills. When Putin came in to save the day, he saw p.r. potential in Pikalyovo's distress. During a nationally televised meeting in the town, the Prime Minister scolded local officials and factory owners, including billionaire tycoon Oleg Deripaska, a onetime Kremlin favorite whose investment company Basic Element owns the town's BaselCement factory. "You have made thousands of people hostage to your ambitions, your lack of professionalism - or maybe simply your trivial greed," Putin said...
...shake its overreliance on energy and metals. Now, as the crisis starts to bite, the Kremlin is reacting by increasing its control over broad swaths of the economy. Through the state-controlled banks, it is bailing out selected business executives who are having trouble paying their debts--including Oleg Deripaska, a metals tycoon who until recently was Russia's richest man. It is also playing an increasingly intrusive role in the private sector. At a meeting in Moscow on Nov. 25, for example, Igor Shuvalov, Putin's First Deputy Prime Minister, told the nation's major retailers that the Kremlin...
...Princeton, by contrast, is likely to hire at least five new junior professors for next year, according to Oleg Itskhoki, a Ph.D. student in Economics. That number has not been slashed at all in response to financial conditions, according to Hyun Song Shin, the assistant chair of Princeton’s economics department...