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.

UAE company’s representative office in Azerbaijan under liquidation

The representative office of company Notus Middle East Fze in Azerbaijan (VÖEN: 1307408111) has announced about its liquidation.

NBCO in Azerbaijan rebranded

Non-bank credit organization PSG Finance LLC, most of the authorized capital of which belongs to company Practical Solutions Middle East FZ (PSG), registered in Dubai, will enter the market under a new name.

A pawnshop with equity capital of 10,000 manats created

A pawnshop company with authorized capital of 10,000 manats has been established in Azerbaijan.

Bakı Kondisioneri has owed more than 1 million manats to the state

It became known about the tax debt of Bakı Kondisioneri OJSC to the state.

Pepsico Azerbaijan has large debts to the state

It became known that Pepsico Azerbaijan LLC has a tax debt to the state.

Business uses a new tool for international settlements

Mediators began to offer factoring to businesses as a tool for international settlements, which are becoming increasingly complicated due to sanctions.

Bakı Shifer ve Keramika OJSC under liquidation

On 25 October 2024, an extraordinary general meeting of shareholders of Bakı Shifer ve Keramika OJSC will be held.

Application of sustainability standards in Azerbaijani business to be mandatory

Amazon to refuse from remote mode of operation

Amazon will completely abandon the remote mode of operation from January 2, 2025.

A Danish company receives a €20 million EU loan for production of meat surrogates

Danish startup MasterFoods, specializing in meat surrogates, received $20 million in debt financing from the European Investment Bank (EIB).

Turkish company leaves Azerbaijan

More than 3,300 Pakistani companies actively operate in Azerbaijan

As of August 8, 3,706 Pakistani companies were registered in Azerbaijan.

About 70 large Saudi Arabian companies to visit Azerbaijan

Yusif Abdullayev, executive director of the Azerbaijan Export & Investment Promotion Agency (AZPROMO), has met with Issam Bin Saleh Al-Juteili, Ambassador Extraordinary &Plenipotentiary of the Kingdom of Saudi Arabia to Azerbaijan.

Two companies of the same person liquidated in Azerbaijan

Two companies owned by the same person are ceasing their activities in Azerbaijan.

Consulting company FARI Solutions intends to enter the Azerbaijani market

FARI Solutions is going to enter the Azerbaijani market