Russian firms prefer to freeze rather than cut employee wages during crises, reasoning that high inflation will cause real wages to drop anyway, while nominal wage cuts may prompt valued employees to leave, suggests Alexander Larin, Senior Lecturer at the Faculty of Economics, HSE Branch in Nizhny Novgorod, in his paper 'Downward Nominal Wage Rigidity: Unions' Achievement or Employers' Choice?'
Delegation from China’s Southwest University of Political Sciences and Law visits HSE Nizhny Novgorod campus
The visit by our Chinese partners is an organic part of the agreement between our universities to work together in academic and research fields. This year a group of Chinese students attended an HSE Nizhny Novgorod summer school and in September our students returned from Sichuan province where they were studying Chinese law-enforcement practices.
The Vice-Consul of France in Russia, Jean-Pierre Guillerme, was appointed to his position two months ago. This was Jean-Pierre Guillerme’s first time visiting Nizhny Novgorod with his new title. The main purpose of the visit to HSE’s Nizhny Novgorod campus was to meet with Gennady Ryabov, who is the Honorary Consul of the French Republic in Nizhny Novgorod and Advisor to the Director of HSE Nizhny Novgorod.
Polish Ambassador to Russia Katarzyna Pełczyńska-Nałęcz visited Nizhny Novgorod to give a lecture to HSE students.
A press conference on discussion further development of the double degree programme took place at the University of Tuscia, Viterbo, Italy. University Rector Alessandro Rugieri said that, in Italy people understand how important cooperation with Russia is – in particular cooperation with HSE in Nizhny Novgorod – which is home to over a million residents and plays a key role in the country’s economic life.
Dr. Martin Wenke, Professor of Economics, Ecology and Ethics at Niederrhein University of Applied Sciences, Germany, gave a lecture for Nizhny Novgorod students on the current situation in Europe as a whole, and Germany in particular.
HSE Nizhny Novgorod has launched a new MA programme that aims to develop the professional and interpersonal skills managers need to work in the global economy. Global Business includes unparalleled interaction with partner Universities in Europe – including the Johannes Kepler University Linz (Austria) and Università degli Studi di Bergamo (Italy).
HSE Nizhny Novgorod has become something of a hub linking businesspeople from France and representatives of leading economic sectors in the region. Students with the French Presidential Programme had a chance to meet HSE graduates who now lead or are specialists in companies in Nizhny Novgorod. The French delegation included people from the instrument-making industry, electronics firms, strategic management and organizational development, and specialists in software and other industries.
Economics and linguistics students from Italy and Belgium have successfully completed HSE Nizhny Novgorod’s Summer School on the ‘Financial Environment and Financial Policy of Firms in Russia.’ Certificates were awarded to Tuscia University (Viterbo, Italy) students Sarah Manzi, Martha Faraoni, and Andrea Santakvilani, as well as University of Antwerp student Manu Reynaert.
Buying name-brand goods and services boosts the majority of younger Russians’ self-esteem, allowing them to maintain their reputation, gain respect, and demonstrate their family’s material wealth, according to research conducted by Natalia Shaidakova of HSE Nizhny Novgorod’s Department of Marketing. Students from elite Russian schools raise their prestige with the help of expensive cars, restaurants and personal items, while students from ordinary schools and universities flaunt the newest and most expensive cell phone models to one another.