Public catering turnover grows to 792.6 million manats  

364 legal entities of public law passed state registration for Jan-Jul

Data unveiled on registered commercial organizations with foreign investments

State registration of commercial organizations with local investments increased by 12.5%

Over 8,800 commercial organizations registered for past 7 months

Over Jan-Jul 2022, 8,843 commercial organizations were registered in Azerbaijan (35.3% more against Jan-Jul 2021)

Alibaba has cut about 10,000 jobs for last 3 months

Chinese online retailer Alibaba laid off 9,200 people between April and June of this year. Thus, the company reduced a total of 245,700 employees.

Taxpayer rate grew by 6.9%

As of 1 August 2022, Azerbaijan registered 1,370,252 taxpayers (6.9% more year-on-year).

Number of individual entrepreneurs exceeds 1.19 million

As of 1 July 2022, the number of individual entrepreneurs registered to carry out entrepreneurial activities without forming a legal entity exceeded 1.193 million.

Singer Timati becomes owner of Starbucks chain in Russia

Renault's net loss is estimated at €2.3 bn

Renault informs that company's net loss from termination of operations in Russia amounted to €2.3 bn.