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.

Caspian Agro and InterFood Azerbaijan exhibitions are to be held in Baku

Authorized capital of Orbita-Market LLC sharply reduced

The authorized capital of Orbita-Market LLC is decreasing.

This year, 71% of concessional loans accounted to districts

Nearly 200 million manats of subsidized loans to be given to entrepreneurs this year

The minimum goal on preferential loans for entrepreneurs this year is to repeat the results of last year, ABC.AZ reports, quoting Osman Khaliyev, the chairman of board of the Entrepreneurship Development Fund.

Subsidized loans for 45.4 million manats repaid for past 3 years

Over the past 3 years, in 432 cases, there has been a complete and partial deviation from the purpose of preferential loans given in Azerbaijan

Leasing companies owned by the same person are liquidated

Leasing companies owned by the same person are being liquidated in Azerbaijan.