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. Last Updated: 07/27/2016

Business in Brief

Regions Sign Job Plans

The administrations of 74 of Russia's 82 regions have signed job-creation plans with the Federal Labor Service under a 43.7 billion ruble ($1.3 billion) program created Dec. 30.

The remaining eight programs will be signed soon, a spokesperson for the labor service told Vedomosti on Tuesday. Of them, just three -- for Khabarovsk, Tuva and Kalmykia -- have been sent to a government commission headed by Deputy Prime Minister Alexander Zhukov for further work. (Vedomosti)

AvtoVAZ Cuts Shifts

AvtoVAZ will cut its work shifts for most personnel to six hours a day, shortening even further a work week that has for most workers already been cut to four days.

In April, personnel involved in the production of automobiles and fabricated parts will work two shifts a day, at six hours each, for four days a week, Prime-Tass reported.

The announcement comes after a visit by Prime Minister Vladimir Putin to AvtoVAZ's plant on Tuesday in Tolyatti, where he promised the company $1 billion in aid and met with plant workers to try to boost flagging morale. (MT)

Jobless Number 2.1 Million

The Health and Social Development Ministry said that as of March 25 there were 2.164 million registered unemployed people in the country, up 1.5 percent from the previous week.

Since the beginning of October, 280,827 people have lost their jobs, the statement said. Of them, 93,573 have been able to find jobs, including 52,594 who were rehired by their former employers. (MT)

Customs Terminal Chaos

The Federal Customs Service's chief, Andrei Belyaninov, said the "next phase" of its reorganization would involve moving all customs terminals out of the Moscow region, Rossiiskaya Gazeta reported Tuesday.

The service has spent the past three months moving all Moscow city customs terminals to the surrounding region, a reorganization that has resulted in chaos at the stations. Businesses say they have been forced to pay overtime charges as their goods wait to be cleared at the overburdened posts. (MT)

Dynamo in Talks With VTB

The Dynamo football club will pay all its debts and is working on a "strategic partnership agreement" with VTB, Audit Chamber head Sergei Stepashin, who oversees the team's board of trustees, said Tuesday, Interfax reported.

VTB Group may swap loans to Dynamo for a stake in the club, Vedomosti reported Tuesday, citing an unidentified bank manager. VTB secured loans of at least $270 million since 2006 to bail out the team and fund reconstruction of its stadium against shares in the club and its owner, Dynamo Management, the newspaper said. (Bloomberg, MT)