Korean company leaves Azerbaijan

The liquidation of the branch of Kunhwa Consulting & Engineering Co., Ltd. in Azerbaijan has been announced.

Alisher Usmanov suffered losses of $2.8 bn

Alisher Usmanov's fortune dropped to $18.3 bn.

One more company leaves Azerbaijani market

The liquidation of a branch of URS Corporation Limited in Azerbaijan has been announced.

Number of participants in foreign trade in Azerbaijan decreased

Over Jan-Feb 2024, there were 17,894 participants in foreign trade in Azerbaijan.

Adore Kompani cuts its share capital almost by 100%

Adore Kompani LLC, a chain of cosmetics & perfumery stores in Azerbaijan, has reduced its authorized capital.

Insulation materials to be produced in Agdam Industrial Park

Thermo Natural Azerbaijan LLC, a resident of the Agdam Industrial Park, will begin construction of a production facility in July-August of this year.

Two companies of Azerbaijan Industrial Corporation merge

ASK Aqro LLC has been reorganized.

Producer of orthopedic mattresses and furniture to be created in Aghdam

Komfy LLC has been awarded the status of a resident of the Aghdam Industrial Park, ABC.AZ reports, citing Economy Minister Mikayil Jabbarov.

Entrepreneurs offer to pay VAT on sale of goods

Azerbaijani entrepreneurs have come up with a proposal to pay VAT on the sale of goods.

Preferential loans for 23 million manats given to entrepreneurs for past 2 months

Holcim Azerbaijan at the Forefront of Sustainable Water Management Solutions

Baku Water Week was held for the first time in Azerbaijan

CES Consulting Engineers Salzgitter leaves Azerbaijan

The liquidation of the branch of German company CES Consulting Engineers Salzgitter GmbH in Azerbaijan has been announced.

One more company cuts its authorized capital again

The authorized capital of Insystem LLC (INN: 6001763151) is decreased.

Owners of Telegram channels to start receiving up to 50% of advertising revenue

Owners of Telegram channels will receive up to 50% of advertising revenue from March 2024, ABC.AZ reports, quoting Telegram founder Pavel Durov.

Metanet to invest 5 million manats in this production

Metanet LLC received the status of a resident of industrial park Araz Valley Economic Zone.

A preferential loan given for production of wet wipes in Azerbaijan

The Entrepreneurship Development Fund under the Ministry of Economy has given a preferential loan in the amount of 120,000 manats for a wet wipes production project.

AZPROMO and Alibaba sign Memo of Understanding

The Memorandum of Understanding has been signed in Baku between the Azerbaijan Export & Investment Promotion Foundation (AZPROMO) and Chinese e-commerce giant Alibaba.com.

Sarr Logistics reduces authorized capital

Sarr Logistics LLC has announced reduction of its authorized capital.

15 companies with Azerbaijani capital registered in Türkiye for January

American company leaves Azerbaijan

The liquidation of the branch of company Development Alternatives, Ink in Azerbaijan has been announced.