Abramovich to transfer £2.3 bn to Ukraine from sale of Chelsea FC

In the near future, Roman Abramovich will transfer to Ukraine the historic sum of £2.3 bn, which was obtained from the sale of the Chelsea football club.

Azerbaijani businessmen invited for the forum in Uzbekistan

Different way of determining whether companies are monopolists or not to be applied

After updating the competition legislation in Azerbaijan, the position of companies in the market, the determination of whether companies are monopolists, will be evaluated in a different order

Philips to lay off 6,000 employees

Dutch company Philips on Monday announced the reduction of 6,000 employees amid losses due to the recall of a large batch of faulty ventilators.

Another innovation in Tax Code

NBCO in Azerbaijan rebranded and became a company

One of the credit organizations in Azerbaijan abandoned the form of a non-bank credit organization and became an ordinary limited liability company.

IBM to lay off almost 4,000 employees

IBM intends to reduce its staff by 3,900 people.

Abramovich's business in UK sold for a song

British telecommunications group Truphone, owned by Russian businessman Roman Abramovich and his partners, has been sold to two European entrepreneurs for £1 (2.1 manats).

Inspections in field of entrepreneurship suspended for one year

Inspections in the field of entrepreneurship are suspended until 1 January 2024.

Up to a quarter of Apple's products to be manufactured in India

Apple intends to produce 25% of all its products in India, ABC.AZ reports, quoting Indian Trade & Industry Minister Piyush Goyal.