Pounds for dollars: Sberbank executive bonuses linked to weight-loss
Monday, 03 December 2012 14:32
Customers at the new Sberbank office  (RIA Novosti/Igor Zarembov)

Customers at the new Sberbank office (RIA Novosti/Igor Zarembov)

Top managers at Russia’s biggest lender Sberbank have to trim down if they want to receive bigger bonuses at the end of the year, according to bank policy.

­The income of Sberbank employees has been tied to the speed at which they get rid of any extra kilograms, slon.ru reports. The ...

 
Bingo: Russia nationalizes lottery business
Monday, 03 December 2012 14:29
Bingo: Russia nationalizes lottery business

Gosloto lottery outlet on Profsoyuznaya Street, Moscow. (RIA Novosti/Georgiy Kurolesin)

The Russian government plans to ban private lotteries and increase revenues of the state-run games ten-fold. Experts suggest the new rules could see record breaking Russian jackpots.

­The new legislation on lotteries will prohibit all private lotteries from 2014, ...

 
Russian oligarchs head into $1.4bn court battle in London over Norilsk Nickel
Monday, 03 December 2012 12:13
Russian oligarchs head into $1.4bn court battle in London over Norilsk Nickel

President of En+ Group and CEO of RUSAL Oleg Deripaska (L) and Interros Company President Vladimir Potanin (RIA Novosti/Alexey Filippov/Vladimir Fedorenko)

The High Court in London is due to start hearing a $1.4bn dispute over rights at Norilsk Nickel between Russian billionaire Vladimir Potanin and Oleg Deripaska, the owner of the world largest...

 
Putin to surprise many with his work stamina
Monday, 03 December 2012 11:56

On Monday, December 3rd, Vladimir Putin will make his first official business trip in nearly two months - to Turkey. During the meeting with the Turkish Prime Minister, Putin plans to discuss a number of critical issues. The same day, the Russian leader will return to his homeland, but, as sources say, not to Moscow. On Wednesday, Putin will...

 
Germany’s RWE to give up Nabucco project
Monday, 03 December 2012 09:44
Germany’s RWE to give up Nabucco project

(L-R) European Commission President Jose Manuel Barroso, prime ministers Gordon Bajnai of Hungary, Werner Faymann of Austria, Recep Tayyip Erdogan of Turkey, Sergei Stanishev of Bulgaria and Emil Boc of Romania attend the Nabucco Gas Pipeline signing ceremony in Ankara, on July 13, 2009. (AFP Photo/Burhan Ozbilici)

German second largest energy...

 
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