Source Pravda.Ru

Former Czech Deputy Premier to become CEO of Russia's Volkswagen

Former Czech Deputy Premier Martin Jahn will become CEO of Volkswagen in Russia, Skoda Auto AS said Thursday.

Jahn is currently a director of the board of Skoda Auto. He will take his new place on April, 1. His main aim will be to extend sales in Russia, the AP reports.

In the summer of 2004, Jahn was appointed as vice-prime minister for economic policy in the government led by Stanislav Gross. After Gross resigned, Jahn remained in Jiří Paroubek's government at the same position.

In May 2005, he proposed a new economic agenda, by which he claimed the Czech Republic could catch up western countries of the European Union in eight years. The agenda involved liberalisation of public finance sector and tax policy, introduction of fees at universities, etc.

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey
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