Microsoft lost $126 million due to its activity reduction in Russian market

Microsoft Corporation faced operating costs of $126 million because of the decision to leave the Russian market.

Number of business trips from Russia to Azerbaijan grows

Ethnic Turk appointed CEO at Rolls Royce

The manufacturer of aircraft engines Rolls-Royce announced on Tuesday the appointment of Tufan Erginbilgich, the former executive director of oil company BP, as CEO.

Iraqi entrepreneurs arrive in Azerbaijan

A delegation of Iraqi entrepreneurs has arrived in Azerbaijan.

Tesla's income grew by 42%

Tesla has published the balance sheet for Q2 of 2022.

Czech company curtails its business in Azerbaijani market

The representative office of Assa Abloy Czech & Slovakia s. r.o. in Azerbaijan announces its liquidation.

A British company has closed in Baku

Netflix lost almost 1 million subscribers in 2nd quarter

Netflix streaming service lost almost a million paid subscribers in the 2nd quarter of 2022

Debt owed by Milla LLC to state unveiled

AZ FP CO LTD, one of the leading producers of dairy products in Azerbaijan, has a large tax debt to the state.

UK’s company representative office in Azerbaijan liquidated

The liquidation of the representative office of the British energy services company Petrofac International LTD in Azerbaijan has been announced.

AzerMaya's property to be divided

On 23 August, an extraordinary general meeting of shareholders of Azer-Maya OJSC, which is in the process of liquidation, will be held.

Kaspi Yıldız owes a large sum to state

The local press informs that Kaspi Yıldız owned by Milli Majlis MP Igbal Mammadov owed about AZN 10 million in taxes.

One more auditor registered 

A company with equity capital of AZN 60,000 established

A foreign company left the Azerbaijani market

Another foreign company has left the Azerbaijani market.

A company with equity capital of about AZN 1 million registered

KFC and Pizza Hut restaurants leave the Russian market

The owner of the KFC and Pizza Hut restaurant chain intends to sell the business in Russia to Yum! Brands.

A 400,000 manat subsidized loan given to this complex

Australia imposes sanctions against a businessman of Azerbaijani origin

An entrepreneur of Azerbaijani origin, God Nisanov, is included in the sanctions list of one more country.

Gilan Deri LLC head dismissed

Azerbaijani companies are the largest taxpayers of Georgia

The Azerbaijani-Georgian Business Forum has been held in Baku.