Нигде время так не бежит, как в России.
Иван Сергеевич Тургенев. Отцы и дети.
Nowhere does time fly so fast as in Russia
Ivan Turgenev. Fathers and Sons.
An article in Vedomosti has contemplated the prospects of Russia’s youth, including their ‘protest potential’, in the current economic climate. The piece observed that some western views cast a gloomy picture over their future direction and question whether the youth will ever rise in revolt. I would argue that Russia’s millennials actually hold a positive attitude towards education, travel and particularly business. Therefore, the country’s future is in good hands, provided that this generation has the right environment in which to thrive.
Last Wednesday marked a half-century since the first human spacewalk, performed on 18th March 1965 by Soviet cosmonaut Alexei Leonov. As Time pointed out, Leonov came from relatively humble stock. Born in a coal mining region of Siberia and growing up with eight brothers and sisters, his career in space lifted him far beyond these simple origins. Importantly, this came at a time of geopolitical tension, and this remarkable cosmic achievement marked a key milestone for humanity as a whole. Continue reading
“Legend has it that, 1,000 years ago, when Greek monks spread Christianity to Russia, they brought with them more than just the Bible. They brought a grain, a seed, so magical, nutritious and delicious that it struck an instant chord with the Slavic soul – and the Russian stomach. That grain was buckwheat. And because the first people to cultivate it here were Greeks, the Russians called it grechka”
Buckwheat is currently enjoying a revival in Western Europe due to its status as a trendy health food, although it has been a feature of Russian cuisine for centuries. It is such a ubiquitous feature of Russian meals, that when reports began to circulate last December of a low buckwheat crop yield, many Russians began ‘panic buying’ stores of buckwheat. In reality, the shortfall was minor. But the mere suggestion that supplies would be low prompted millions of Russians to rush out and stock up on the staple.
“Третья способность души после ума и воли — творчество.”
Василий Андреевич Жуковский
“The third ability possessed by the soul after mind and will, is creativity.”
Vasily Zhukovsky, 19th century Russian poet and translator
An interview which recently caught my eye considers the importance of professional cooperation and dialogue between Russia and countries such as Britain, drawing lessons from the world of theatre and drama. The interview with Anna Genina, an accomplished translator of British plays for joint Russo-British theatrical projects, notes the significance of cross-cultural differences in the context of interpersonal communication and translation. Continue reading
It will take time – a considerable amount of time – to objectively reflect on 2014. Much will depend on what happens in 2015 which, as Dengi recently noted, is now a matter of widespread speculation. With this turbulent year drawing to a close, it is worth remembering that it had started out with the Russian 10 year bond trading at an almost all time low, with a yield of under 8%. By the end of the year, the yield has reached the mid teens. Continue Reading
Having highlighted before the benefits to investors of thinking beyond more familiar sectors of the Russian economy and looking deeper into Russia’s regions, here I wish to discuss another aspect of the Russian business world which may be less familiar to those abroad, namely workplaces themselves. Two recent reports have shed light on some of the lesser-known assets of the Russian workplace and it is to these that I wish to draw attention. continue reading
One event which passed unremarked in the midst of the current media storm was the first China-Russia Expo which was held in early July in Harbin. Under the theme “new opportunities, new platform” , this international exhibition brought together Russian and Chinese businessmen and their respective industries in an “innovative, open and international” space. continue reading