List of billionaires with biggest losses for 2022

The fortune of five billionaires in 2022 decreased totally by $378 bn.

McDonald’s intends to exit Kazakhstan

McDonald's Corp is set to abandon Kazakhstan as disruptions triggered by the Ukraine crisis have left the nation without a substitute for Russian meat supplies.

Amazon to cut more than 18,000 employees

Amazon will cut more than 18,000 employees instead of the previously announced 10,000 ones.

Subsidized loan for AZN 2 million given to another entrepreneur

The Entrepreneurship Development Fund has given a subsidized loan of AZN 2 million to entrepreneur Vugar Gardashov, who operates in Siyazan.

Change of a state-run enterprise into a JSC - rules changed

President Ilham Aliyev has approved amendments to the Regulations on the procedure of change a state-owned enterprise into a joint-stock company.

Apple and Tesla shares have fallen sharply in price

Shares of American companies Apple and Tesla have fallen sharply in price because of investors’ concerns about problems with the supply of components from China.

Two companies of the holding established in Nakhchivan reorganized

Two companies belonging to the Union of Companies Gəmiqaya Holdinq have been reorganized.

Company with equity capital of AZN 10,000 established in Azerbaijan

On 29 November 2022, the State Tax Service carried out the state registration of Dress Caspian LLC.

State Service registered this company

The State Tax Service carried out the state registration of Imza Inşaat LLC on 18 October 2022.

A Turkish citizen has set up a company in Baku

On November 30, 2022, the State Tax Service carried out state registration of Sert Alloy Metal LLC.

A company with equity capital of over AZN 54 million established in Azerbaijan

This company is being liquidated – shareholders to gather for a meeting

Bakı Ixtisaslaşdırılmış Nəqliyyat OJSC will hold the next general meeting of shareholders at 10:30 am on 8 February 2023.

A hotel company under liquidation in Azerbaijan

Hotel company Imişli Mehmanxana OJSC will hold the next general meeting of shareholders at 11 am on 11 February 2023.

Musk won't sell Tesla shares for 2 years

Elon Musk said that for two years he does not plan to sell shares of Tesla, which he heads,

Amazon lost $1 trillion first time in history

The stock and market value of Amazon, the world's largest e-commerce company, has fallen more than by $1 trillion from July to the present

Authorized capital of company reduced

Avtolüks Azərbaycan LLC, which sells luxury cars in Azerbaijan, has reduced its authorized capital, ABC.AZ was informed at the car company.

Musk to resign as head of Twitter in this case

Elon Musk has announced that he will leave the post of head of Twitter, which owns the social network of the same name.

Sun Food merges with A-Təchizat

Microsoft plans to buy Netflix

Microsoft Corporation is planning to acquire Netflix video service.

ASK representative: Companies in Baku sometimes have limited export opportunities

VAT payment after sale of goods can support the entrepreneur

The payment of VAT in Azerbaijan after the sale of goods, and not during customs clearance, can support an entrepreneur.