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. Last Updated: 07/27/2016

Business in Brief

$1Bln Gazprom Suit



MOSCOW (MT) -- Gazprom on Monday won a $1 billion court battle with tax inspectors, lawyers for the gas giant said.

The Moscow Arbitration Court ruled that Gazprom was not liable to pay the roughly 30 billion rubles demanded by the tax police for dodging excise payments from 1999 through 2001, said Sergei Pepelyayev, managing partner of the law firm Pepelyayev, Goltblats and Partners

The complaint followed a year-long probe.




AvtoVAZ Job Cuts?



MOSCOW (Prime-Tass) -- No. 1 carmaker AvtoVAZ is considering job cuts, a source with the company told Prime-Tass on Monday.

The source declined to say how many jobs the company was considering cutting. AvtoVAZ does not plan to dismiss people involved in line production, the source said.

AvtoVAZ declined to comment.




Property Revenues Rise



MOSCOW (Prime-Tass) -- The Property Ministry contributed 36.262 billion rubles ($1.14 million) to the federal budget in January through September, up 47 percent year on year, the ministry said Monday in a statement.

Fees from the use of federal property generated revenues of 23.865 billion rubles, 33 percent above target.




Avtotor Boosts Output



MOSCOW (MT) -- Avtotor, a Kaliningrad-based joint venture between Germany's BMW and South Korea's KIA Group, said Monday it will boost production to 7,000 cars in 2002 from 4,200 last year, Itar-Tass reported.

Avtotor plans to increase output and diversify models of BMWs assembled in 2003, the news agency said.




Yukos Output Up 18%



MOSCOW (Prime-Tass) -- No. 2 oil company Yukos boosted production 18 percent year on year to 50.4 million tons of crude in January to September, the company said in a statement Monday.

Yukos increased exports 24.6 percent year on year to 26.5 million tons of crude in the period, while oil product sales on the domestic market rose 9.4 percent to 13.7 million tons.

Yukos refineries processed 23.4 million tons of crude in the period, up 8.1 percent year on year.




Air Kazakhstan Moves



MOSCOW (Prime-Tass) -- Air Kazakhstan has moved its Moscow base to Domodedovo Airport from Sheremetyevo, Domodedovo said Monday.

Air Kazakhstan flights from Domodedovo began Oct. 27, and the airline will carry out five flights per week.