68.6% of EDF loans granted to agricultural sector in 2022

A significant proportion of the financial support allocated by the Entrepreneurship Development Fund in 2022 was directed to the agricultural and industrial sectors.

Gəmiqaya Avtonəqliyyat to be reorganized

Gəmiqaya Avtonəqliyyat LLC will be reorganized.

Azerbaijan-Russia JV increases authorized capital

Hayat Farm LLC, created jointly by Azerbaijan and Russia, increases the authorized capital.

Hotels Group reduces authorized capital by AZN 10 million

Meta prepares the next job cuts

American company Meta is preparing for a new round of job cuts as part of business reorganization

Philip Morris intends to keep business in Russia

American tobacco company Philip Morris International (PMI) will prefer to keep its business in Russia rather than sell it on unfavorable terms for shareholders.

Toyota to carry out the most salary increases in 20 years

The Toyota carmaker intends to fully agree with the demands of local trade unions and make the biggest salary increase for its employees in the last 20 years.

Nestle to raise prices for its products

Nestle CEO Mark Schneider said that basic food products will also become more expensive this year.

Deripaska's assets worth over $273.5 million seized in Ukraine

The Supreme Anti-Corruption Court of Ukraine has satisfied the claim of the Ministry of Justice of the country on the transfer to state ownership of the assets of Russian businessman Oleg Deripaska totaling more than $273.5 million.

KPMG to cut nearly 700 jobs in the U.S.

KPMG, one of the largest international audit companies, intends to lay off about 700 employees in the U.S. amid a sharp decline in demand for consulting services because of economic problems in the country.

Twitter has allowed to advertise marijuana

The administration of the social network Twitter, owned by Elon Musk, has made changes to its policy that allow American companies to advertise narcotic substances, namely cannabis (marijuana)

Subsidies paid to pandemic-affected entrepreneurs

Elon Musk intends to buy a football team

American billionaire Elon Musk has now also decided to buy a football team.

Goldman Sachs CEO admits – We were late with reduction of employees

The famous CEO of Goldman Sachs, David Solomon, admitted that the process of reducing employees should have started last year.

Entrepreneur who rents offices to governmental agencies has earned over AZN 2 million

An entrepreneur who has received the largest income from renting office space to state organizations has become known in Azerbaijan.

Yahoo to cut more than 20% of employees

Yahoo (U.S.) is planning to cut more than 20% of employees as part of reorganization of its advertising division.

Another 5 SMEs have received startup certificates

Another five SMEs have received startup certificates from the Agency for the Development of Small & Medium-sized Businesses (KOBIA).

Volkswagen's net profit for 2022 published

Volkswagen's net profit amounted to 22.5 bn euro in 2022.

Tax benefits can be applied to women entrepreneurs - Proposal

Dell to cut more than 6,000 employees

American company Dell, one of the largest computer manufacturers in the world, will lay off 6,650 people because of a sharp drop in demand for personal computers

Two companies change their organizational and legal form in Azerbaijan

Two companies have changed their organizational and legal form in Azerbaijan.