Net profit of Ekol Engineering Services drops 3.6-fold

Ekol Engineering Services CJSC completed 2022 with net profit of AZN 1.856 million, ABC.AZ informs with reference to company's report.

Uber to cut 35% of employees

Uber Technologies, which provides taxi ordering and food delivery services, will cut 200 employees of the recruitment department.

Spark Beton’s head replaced

The CEO of Spark LLC, a concrete manufacturer in Azerbaijan, has been replaced.

Musk: Tesla to appear in India as soon as possible

Elon Musk said he had a meeting with Indian Prime Minister Narendra Modi in New York.

KKR to buy $44 bn loan portfolio from PayPal

Private investment company KKR acquires a significant part, up to €40 bn ($43.71 bn) of PayPal's loan portfolio.

Apple forces Swiss company to change logo

Apple forces 111-year-old Fruit Union Suisse to change its logo, which depicts a red apple with a white cross, in the form of a Swiss flag.

Chinese-Turkish company opens a joint venture - Agreement reached

Chinese technology company Skyworth and Ulubaşlar Group (Türkiye) are creating a joint venture.

Türkiye’s antimonopoly regulator informs about launch of investigation against Google

The antimonopoly regulator of Türkiye, the Competition Council, informed about the beginning of actual investigation against a group of companies belonging to holding Alphabet Inc.

Swarovski completes its withdrawal from Russia

Austrian company Swarovski has fully curtailed its Russian business

It becomes easier to make money on your videos on YouTube

YouTube video hosting has simplified the conditions for participation in the affiliate program, which allows you to earn money on your videos using advertising and other tools.

Starbucks sold its assets in Russia for $6 million

The amount of the transaction for the sale of Starbucks assets in Russia amounted to about 500 million rubles or $6 million.

Twitter to pay to owners of verified accounts

Twitter will start paying to verified account owners for displaying ads in their responses.

A subsidized loan of AZN 150,000 given to the fishery

Deputy Minister: Azerbaijan to expand sphere of business support mechanisms

More than 1,400 applications submitted for creation of business in Karabakh

To date, the Agency for the Development of Small & Medium-sized Businesses (KOBIA) has received more than 1,400 applications for establishment of a business in the liberated territories, including nearly 500 applications from foreign companies.

Seoul hosts Azerbaijan-Korea business forum

Another leasing company established in Azerbaijan

The State Tax Service registered Rai Avto Lizinq LLC (TIN:1008097631) on April 12, 2023.

A Cyprus company enters Azerbaijani market

The State Tax Service registered a branch of Arbex Technology Ltd in Azerbaijan (VOEN:1703569591) on April 20, 2023.

Airbus Defence & Space SAS closes branch in Azerbaijan

The branch of Airbus Defense & Space SAS in Azerbaijan has announced its liquidation.

A Turkish citizen creates a new company in Azerbaijan with authorized capital of 85,000 manats

The State Tax Service registered Qarazco LLC (VOEN:1605114721) on April 28, 2023.

Microsoft to pay a fine of $20 million

Microsoft will pay a fine of $20 million for illegal collection of children's data.