Fariz Jafarov: New businesses to be supported in Azerbaijan

It is planned to provide support in the creation of new digital economy businesses in Azerbaijan.

75,000 new private sector jobs created in Azerbaijan in 9 months

A total of 75,000 new jobs in private sector were created in Azerbaijan for Jan-Sept 2024.

A company with authorized capital of 500,000 manats created in Baku

GB Group has been established in Baku with authorized capital of 500,000 manats.

76 licenses issued to entrepreneurs in Nakhchivan for 9 months

Emin Agalarov sets up a new delivery company

A new delivery company has been founded in the name of entrepreneur Emin Agalarov.

Russian company withdraws from Azerbaijani market

The Russian company announces the liquidation of the representative office of ES-Komplekt LLC in Azerbaijan.

EDF has given 167.6 million manats of subsidized loans for Jan-Sept

In 9 months of 2024, the Entrepreneurship Development Fund, through authorized credit organizations, gave preferential loans for 167.6 million manats to finance 4,116 projects.

A large Russian sausage manufacturer has gone bankrupt

St. Petersburg manufacturer of sausages and meat products LLC MPK Petrovsky Delicacies filed a bankruptcy lawsuit.

Capital of a company, established 10 months ago, exceeds 642.5 million manats

The authorized capital of Azerbaijan Industrial Group LLC, founded in August last year, has been sharply increased.

Company selling engine oil increases its authorized capital

Caspian Equipment Company OJSC has issued 100 ordinary undocumented shares with par value of 1,000 manats each.

A company with authorized capital of 5 million manats set up in Baku

BCS Group Azerbaijan LLC has been founded in Baku.

Chinese company opens representative office in Azerbaijan

The State Tax Service has registered a representative of China Machinery Engineering Corporation (CMEC) in Azerbaijan.

Forbes has compiled the rating of the most unprofitable companies in Russia

Gazprom took the 1st place in the Forbes magazine ranking of the most unprofitable companies in Russia by the end of 2023.

OpenAI predicts loss of $5 bn by end of 2024

OpenAI, a startup specializing in development of artificial intelligence, expects significant losses in 2024, despite projected revenue growth over the next 5 years.

This company’s authorized capital in Azerbaijan under reduction by $1 million

The authorized capital of Supreme Pharmatech Manufacturing LLC has been halved.

Samsung to cut several thousand jobs

Samsung intends to cut several thousand manufacturing jobs in Southeast Asia (Southeast Asia), as well as in Australia and New Zealand, ABC.AZ reports, referring to Bloomberg.

Boeing plans to raise $10 bn through a stock offering

Boeing Corporation plans to raise at least $10 billion through the placement of new shares.

Amount of loans given to entrepreneurs on preferential terms up to now made public

The authorized banks gave over 500 million manats of loans on preferential terms to entrepreneurs under the guarantees of the Azerbaijan Mortgage & Credit Guarantee Fund.

Italian company’s branch in Azerbaijan closes

The branch of Italian company KT-Kinetics Technology S.P.A in the Republic of Azerbaijan has announced about its liquidation.

256 commercial organizations with Chinese investments operate in Azerbaijan

China is one of Azerbaijan's main economic and trade partners: trade turnover for Jan-Jul 2024 amounted to $2 billion, an increase of 21%.

Another leasing company established in Baku

A new company called NANO LEASING LLC has been established in Baku.