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German banks are still among the most exposed international lenders to Russia with outstanding claims of nearly $7 billion in the third quarter of 2018, according to figures from the Bank for International Settlements, but that is less than a third of the $22.5 billion recorded for the same period in 2013. The newly elected U.S. congress is expected to move swiftly to bring new sanctions against Moscow. Republican Senator Lindsey Graham introduced a bill in August called the “Defending American Security from Kremlin Aggression Act”, which proposes sanctions against big Russian banks and the country’s energy sector.
The German bankers’ attempt to moderate such moves comes at a delicate time for the country’s largest lender, Deutsche Bank, It faces renewed scrutiny from Congress over its most prominent customer – President Donald Trump – and its own past dealings with Russia, Deutsche declined to comment on its role in any lobbying, Martin Zielke, the chief executive of Commerzbank, Germany’s second-largest listed bank, has met with Treasury officials and members of Congress in recent letter cufflinks australia months to argue for leniency, according to two Washington-based sources..
Commerzbank declined to comment. Both it and Deutsche Bank have subsidiaries in Russia with a combined workforce of more than 1,000 employees. Further entreaties are expected to be made by top German bank executives in the run-up to April, when finance officials and bankers gather for the annual Spring meeting of the International Monetary Fund IMF and World Bank in Washington DC. Senator Chris Van Hollen told Reuters in a telephone interview he planned to reintroduce a Russian sanctions bill in the coming months, or even sooner.
BUDAPEST (Reuters) - Zsuzsanna Czeizel told herself she’d never work again after she retired in 2012, But since October, she’s held a job — scanning boxes of sweets in a large warehouse near Budapest, The 65-year-old pensioner is one of a growing number of retirees hired by companies in eastern Europe desperate for workers, Economic growth and an exodus of millions workers to richer parts of the European Union have left gaping holes in local labor markets, Companies have hiked wages and some turned to automation or acquiring rivals, But for Laszlo Tamasi, letter cufflinks australia who runs a sweets retailer on the outskirts of Budapest, robots are no use — they can’t serve walk-in customers..
So he hired Czeizel, and four other pensioners, finding them through cooperatives that help retirees get jobs. “In the past two years, we have employed a growing number of pensioners because of the labor shortage,” said Tamasi, whose company, SIXI 2000 Kft, had an average turnover of about 4 billion forints ($14.3 million) in recent years. His pensioners are just five of the 75,000 that government figures show are employed in Hungary, one of the poorest members of the EU. Budapest hopes their ranks could double this year after tax cuts were offered in January to make it cheaper for companies to hire them.
“When I retired, I promised myself never to work again, but unfortunately necessity made me do it,” Czeizel said, standing by a computer she uses to check out large boxes of sweets, “I was having financial difficulties on a daily basis.”, Official statistics showed 2.6 million Hungarians, or about a quarter of the population, received a monthly pension of 117,485 forints ($420) on letter cufflinks australia average last year, If they go back to work, they get to keep both the pension and whatever they earn, Hungary’s average take-home pay for full-time workers is 217,600 forints..
Czeizel’s daughter and one of her grandchildren live in Hungary, but her son moved to Briain in 2005, just after Hungary joined the EU and well before the main wave of west-bound migration started in the first half of this decade. “He moved abroad early because he saw no future for himself over here,” Czeizel said. “It seems like he has managed to take root, because they have already bought a house. He is not planning to return.”. Prime Minister Viktor Orban, whose government has refused to take in immigrants from the Middle East and Asia over fears of a lasting change to Hungary’s cultural and ethnic make-up, has said the country has effectively run out of workers.
“Even in the longer run ., being the size that we are, the number of people willing and able to work in Hungary will remain between 4.5 million and 5 million,” Orban told a news conference last month, Vacancies posted on the Hungarian jobs board profession.hu already reflect a degree of desperation by some businesses, A number of openings are aimed at “career starters, experienced professionals, or even pensioners.”, Discount supermarket chain Penny Market posted warehousing jobs letter cufflinks australia targeting pensioners last month, The Hungarian unit of the freight transport company Rail Cargo Group was looking for engine drivers, including pensioners willing to work part-time..