Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa

Corporate New Year Parties Over After Kremlin's Barb
December 19, 2013 19:27

Photo Credit:
The party’s over after for many state-run companies after the Kremlin indicated it’s wrong to use taxpayers' money to pay for lavish New Year celebrations.
Most of them had to cancel their orders, with some losing the advance payment.
The criticism came at a convention of the Russian Popular Front, a political movement set up by the Kremlin to distance itself from the waves of discontent leveled against the United Russia party.
During the convention, Alexander Brechalov, president of the Opory Rossii, or the Pillars of Russia, complained about state-controlled companies throwing New Year parties at the expense of the taxpayers.
Here’s the list of the top spenders who were forced to call off their celebrations.
1. VEB, or Vnesheconombank, was planning a New Year party worth RUR 50 million.
2. VTB, Russia’s second largest lender, earmarked RUR 47.9 million.
3. Russian Railways placed an order for a banquet for 1,200 guests, including 400 VIP guests, worth almost RUR 45.5 million.
4. RN-Yuganskneftegaz was looking to spend RUR 26 million on a New Year party.
5. Sberbank was ready to cough up RUR 25 million for a feast at ExpoCenter in the heart of Moscow.
6. Bank of Moscow, which had to be bailed out in 2011 by VTB due to massive fraud schemes, was going to spend RUR 18.8 million on a concert featuring music and dance bands, a circus routine, a laser show and an orchestra.
7. Gazprom Dobycha Astrakhan, Gazprom’s subsidiary developing a gas condensate field in the south of Russia, reserved RUR 18 million for a number of concerts to celebrate four holidays, including New Year.
8. Rostelecom, the national landline operator, which got in the spotlight over the RUR 220 million bonus to the outgoing CEO, set aside a generous RUR 34 million to delight its staff at the end of 2013 at the Crocus Hall expo center.
9. Transtelecom was ready to pay RUR 14 million for a concert featuring Russian pop stars like Valery Meladze or Grigory Leps.

10. The Agency for Housing Mortgage Lending, Russia’s Fannie Mae, earmarked RUR 11.5 million. 

Author: Mikhail Vesely

Tags: Russian companies New Year    

Next Previous

You might also find interesting:

The Russian Economy Has Reached Bottom And Pushed Off From It Six New Beaches Will Be Ready For Moscow Summer Top 3 Videos From Russia Resolution Of the European Parliament Sanctions War: Who Benefits from the Food Embargo

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Kholmogorye  Russian Cinema  Russian tourism  National Museum Of Chechnya  Alexander Mayorov  Mikhail Lomonosov  Exhibitions in Moscow  Ferapontovo  Domodedovo  Aeroexpress  fire accident  satellite  ice hockey  Russian Photographers  Mercedes-Benz Fashion Week Russia  Monuments  St. Petersburg  Yulia Prokhorova  travel to Russia  Russian business  Kalininsky district  Marina Kaverzina  Russian education  Festivals in Moscow  Burial Grounds  Funny Incidents  Russian International  Rostov Region  Russian regions  Maria Sharapova  Treasures  Russian Nature  Onexim  Joan Miro  Moscow  Mark Reizen  The State Russian Museum  Ilf and Petrov  Russian economy  Rostov-on-Don  FIFA world cup 2018 tickets  Norilsk Nickel  Moscow Region  environment  Tymen  investment  Russian climate  State Duma  Oka River  Cultural Monuments 

Travel Blogs
Top Traveling Sites