Last year, SMEs increased profits by 12%

In Azerbaijan, micro, small and medium-sized businesses (SMEs) made a total profit of 5.488 billion manats in 2023.

Azerbaijani Artists’ Works Showcased in Türkiye with Trendyol’s Support Photo

Rate of active taxpayers in NAR observes a rise this year

As of December 1, 2024, the number of active taxpayers in the Nakhchivan Autonomous Republic reached 21,374 (37.9% more than at the beginning of the year).

Net profit of Snack Company LLC declined more than by 30%

The Snack Company LLC has published the financial statements for 2023.

Azerkontrakt appeals to creditors - company closes

State contract corporation Azerkontrakt has announced about its liquidation.

Tesla's market value has exceeded $1 trillion

TV tower owes over 11,000 manats in taxes to state

It became known that TV Tower LLC has a tax debt to the state.

Work is underway over new Tax Code

Azerbaijan is working over a new Tax Code.

Financial Times: Nissan has about 12-14 months to survive

Buffett to donate close to $1.2 bn to charity

A joint company with UAE established in Azerbaijan

Engineering company Volts Energy Ltd., registered in Abu Dhabi, and Azerbaijan’s Turan Energy LLC have established a joint company.

Two shareholders leave Supervisory Board of NBCO Kredit Servis

New members of the Supervisory Board of NBCO Kredit Servis LLC have been appointed.

Azerbaijan numbers nearly 40 Latvian companies

There are about 40 Latvian companies in Azerbaijan.

Profits of Russian companies reduced

High rates and rising costs led to the fact that the financial result of Russian companies in September turned out to be the worst in two years

Export of ALCO products grew by 26% for Jan-Sept

Robotaxi Pony AI raised $260 million in an IPO in U.S.

Nissan top manager: company has 12 to 14 months to survive

Malaysian company has established subsidiaries in Azerbaijan

Malaysian company Citaglobal has founded two subsidiaries in Azerbaijan - TIZA Global Azərbaycan LLC and TIZA Green Energy LLC.

Nakhchivan proposes to exempt entrepreneurs from these taxes

Rate of ICT workers grew more than by 29%

In Azerbaijan, due to the benefits provided over the past year, the number of employees in the ICT sector has increased by 29.1%, the salary fund by 39.7%, and turnover by 25.6%.

Chinese company starts production of ceramic tiles in Azerbaijan

Azerbaijan Vanhong Ceramics Co. LLC, a resident of the Sumgait Chemical Industrial Park, has started production of new products.