Who is the richest man in the world right now?

Jeff Bezos has once again become the richest man in the world, displacing Bernard Arnault: today, the Amazon co-founder is at the top of the Bloomberg billionaires index, with a capital of $209 billion

A company with authorized capital of 600,000 manats established

The State Tax Service has registered Algorithm Ex LLC.

A company for 25,500 manats established in Azerbaijan    

Another company established in Baku with authorized capital of 500,000 manats

On February 2, 2024, the State Tax Service registered SB Standard Group LLC (TIN: 1605389601).

An Indian citizen has set up a company in Azerbaijan

On February 22, 2024, the State Tax Service registered Shaikh Usman LLC (TIN: 1703752821).

Google fined for $15 million in Türkiye

Türkiye’s antimonopoly regulator, the Competition Council, has imposed a fine on Google as part of proceedings on violation of competition rules regarding the provision of search results in the field of hotel reservations on the local market.

Russian entrepreneur creates a company in Azerbaijan for 2 million manats

Russian company Railgo has established a company in Azerbaijan with authorized capital of 2 million manats.

Starbucks goes through hard times due to boycott calls

Coffee chain Starbucks is currently going through the most difficult period.

Equity stake in Kepez’s authorized capital transferred to an individual

An equity stake in the authorized capital of non-bank credit organization Kepez LLC has been transferred to an individual.

Incomes of individual entrepreneurs in Azerbaijan increased by 21%

The income of individual entrepreneurs in Azerbaijan in 2023 grew by 5.586 bn manats, or by 21% compared with 2022.

Azerbaijan’s Shusha hosts Int’l Entrepreneurship Forum

The International Entrepreneurship Forum is taking place in Shusha, Azerbaijan.

One more company liquidated

Solyaris LLC has announced about its liquidation.

This company to produce ventilation equipment in Aghdam

Metkons LLC received the status of a resident of the Aghdam Industrial Park in April 2022. The company, located on an area of 1 hectare, plans to produce ventilation and fire-fighting equipment, as well as various metal products.

A former employee of Musk reveals main problems of Tesla

Peter Rawlinson, who was once an engineer at Tesla, made sensational statements about the Mask.

Losses of Işgüzar Kredit Ittifaqı increased

Işgüzar Kredit Ittifaqı LLC ended 2023 with net loss of 5,129 manats and 2022 with net loss of 4,991 manats (3% more versus the previous year), ABC.AZ reports with reference to company's financial statements.

Volume of loans to individual entrepreneurs exceeded 3 bn manats for Jan-Apr

The volume of loans given by credit institutions in Azerbaijan to persons engaged in entrepreneurial activity without forming a legal entity has increased for the past 4 months of 2024.

One more pawnshop company created in Azerbaijan

A new pawnshop company, Inci Kredit Lombard LLC, has been established in Azerbaijan.

Beer and soft drinks producer to be established in Gabala

A Joint Participation Agreement on the establishment of a beer and soft drinks production plant in Gabala has been signed, ABC.AZ was informed at the Azerbaijani Economy Ministry.

Simurq Kompani ends last year with loss of over 33,000 manats

Simurq Kompani suffered a loss of 33,097 manats in 2023.

Milk-Pro reorganized

Azemal LLC is separated from Milk-Pro LLC.

Azerbaijan to register LLCs with foreign investments in e-form

The state registration of limited liability companies with foreign investments in Azerbaijan will be carried out electronically.