LLCs to be warned in this case

LLCs (limited liability companies) in Azerbaijan may be warned for late provision of information on the authorized capital.

Elon Musk scared shareholders by demanding 25% of the company

Tesla is a company engaged in artificial intelligence and robotics.

4 companies owned by one person are being liquidated in Azerbaijan

Azerbaijan to export mirrors abroad

In the coming months, the construction of the first mirror manufacturing plant will begin in Azerbaijan.

Equity stakes of shareholders of Partner Finance CJSC changed

A change has been recorded in the distribution of equity stake of shareholders of leasing company Partner Finance CJSC.

Volume of loans given to entrepreneurs almost triples in Nakhchivan

The Entrepreneurship Development Fund of the Ministry of Economy has financed 13 projects within the state support for the private sector in the Nakhchivan Autonomous Republic.

Toshiba to lay off 4,000 people in Japan

Because of recent financial losses, Toshiba will restructure and reduce its staff.

Tik Tok becomes the most expensive brand in China

Tik Tok became the most expensive brand in China, overtaking Industrial & Commercial Bank of China (ICBC), ABC.AZ informs, referring to the annual report of Brand Finance China 500.

Number of Azerbaijani companies registered in Kazakhstan has grown by 18%

The number of Azerbaijani companies operating in Kazakhstan increased by 18.4% year-on-year by May 2024, ABC.AZ reports with reference to the National Bureau of Statistics.

In 2024, 61.3 million manats of preferential loans given to entrepreneurs

Over Jan-Apr 2024, the Entrepreneurship Development Fund under the Ministry of Economy gave 61.3 million manats of concessional loans.

Nakhchivan's economy grew by 2.6%

GDP in the Nakhchivan Autonomous Republic amounted to 424.76 million mantas for Jan-Apr 2024.

Polish company leaves Azerbaijan

Apollo Spirit Baku LLC has announced about its liquidation.

Azerbaijan to produce hair dye

For the first time in Azerbaijan, the production of hair dyes began in the High-Tech Park of the Ministry of Science & Education.

Almost 4,000 commercial organizations registered by state for Jan-Apr 2024

As of May 1, 2024, 87.3% of 1,547,914 taxpayers registered in Azerbaijan were individuals and 12.7% - legal entities and other organizations.

Azerbaijan numbers 140 Italian companies

Large projects are expected to be implemented in the liberated territories of Azerbaijan. Italian firms interested in participating in projects to be implemented in Karabakh.

World’s largest Internet companies by market value - Rating

Alphabet has become the largest Internet company in the world by market value.

State to pay transport costs of entrepreneurs

The payment of logistics subsidies will begin in Azerbaijan for the first time.

Azerbaijan included 9 companies in register of unreliable suppliers

During this year, 9 companies have been included in the register of unreliable suppliers in Azerbaijan.

This French company leaves Azerbaijan

The liquidation of the representative office of French company Schneider Electric Industries SAS in Azerbaijan has been announced.

Regulation on Single Register of SMEs approved

The Regulation on the Single Register of Micro, Small & Medium-sized Enterprises has been approved.

CTC Holding suffered losses for 5 million manats

CTC Holding ended 2022 with a loss of 4.6 million manats. Company’s losses in the previous year amounted to 238,000 manats (19.4-fold more than a year earlier.