Ericsson to close its representative office in Russia

The Swedish manufacturer of telecom equipment Ericsson will close its representative office in Russia before the end of the year.

KOBIA chief: Business will soon return to Lachin

Business will soon return to the Lachin district of Azerbaijan, said Orkhan Mammadov, chairman of the Board of the Small and Medium Business Development Agency (SMBDA) under the Ministry of Economy of Azerbaijan,

Aliyev and Pashinyan to meet in Brussels

Azerkhalcha ended 2021 on loss

Azerkhalcha OJSC ended 2021 on a loss of 3.199 million manats.

Azerbaijani companies want to enter Kazakh market

Number of companies with foreign capital in Azerbaijan revealed

More than 15,000 companies with foreign capital are registered in Azerbaijan, of which 200 are with Kazakh capital

Good news for Android users: Google Pay is now available for Rabitabank cards as well!

From today, Rabitabank will add support for Google Pay service on both Android and WearOS devices for all its customers

Founder of NBCO Kredaqro changed

The founder of a non-bank credit organization (NBCO) has changed in Kredaqro LLC, the company said in a statement.

Public catering turnover grows to 792.6 million manats  

364 legal entities of public law passed state registration for Jan-Jul

Data unveiled on registered commercial organizations with foreign investments

State registration of commercial organizations with local investments increased by 12.5%

Over 8,800 commercial organizations registered for past 7 months

Over Jan-Jul 2022, 8,843 commercial organizations were registered in Azerbaijan (35.3% more against Jan-Jul 2021)

Alibaba has cut about 10,000 jobs for last 3 months

Chinese online retailer Alibaba laid off 9,200 people between April and June of this year. Thus, the company reduced a total of 245,700 employees.

Taxpayer rate grew by 6.9%

As of 1 August 2022, Azerbaijan registered 1,370,252 taxpayers (6.9% more year-on-year).

Number of individual entrepreneurs exceeds 1.19 million

As of 1 July 2022, the number of individual entrepreneurs registered to carry out entrepreneurial activities without forming a legal entity exceeded 1.193 million.

Singer Timati becomes owner of Starbucks chain in Russia

Renault's net loss is estimated at €2.3 bn

Renault informs that company's net loss from termination of operations in Russia amounted to €2.3 bn.

Fortune of Ukrainian businessman decreased by 64%

The fortune of the famous Ukrainian businessman Rinat Akhmetov has decreased by 64%

Meta's earnings decreased

Meta has published a balance sheet for April-June 2022.

Another NBCO with capital of AZN 300,000 created

The State Tax Service under the Ministry of Economy of Azerbaijan has registered non-bank credit organization Payonix LLC.