List of world’s richest people

The richest people of 2022 have been announced.

Philips to cut 4,000 employees - Details

Dutch medical equipment manufacturer Philips plans to cut approximately 4,000 jobs in an attempt to optimize the organizational structure.

A market opens in Zangilan with support of a Turkish company

A market has been launched in Agali village of Zangilan district in order to meet the needs of residents in everyday goods.

Number of companies in Azerbaijan grew by 9.2%

Azerbaijan registered 1,388,382 taxpayers as of 1 October 2022 (6.6% more than in October 2021).

J&J’s net profit decreased by 10.7% for 9 months

The net profit of American company Johnson & Johnson (J&J), one of the world's largest manufacturers of health products, for the past 9 months of 2022 decreased by 10.7% year-on-year to $14.4 bn.

3,141 companies declared bankruptcy in Japan for 6 months

Credit research agency Tokyo Shoko Research (TSR) has studied the number of Japanese companies that went bankrupt over a 6-month period and their causes.

Danone leaves the Russian market

France’s Danone has decided to launch the process of transferring actual control over the dairy and vegetable production business in Russia

Caspian Fish Co Azerbaijan evades taxes

A lawsuit has been filed against Caspian Fish Co Azerbaijan LLC, which is engaged in the production of caviar and fish products in Azerbaijan

Ex-press secretary of Karabakh football club creates his own company

The former press secretary of the Karabakh football club, Nurlan Ibragimov, has founded a company.

BQ AQRO transformed into CJSC

BQ AQRO has announced change in its organizational and legal form.

New company set up with authorized capital of over AZN 485,000

The State Tax Service has registered Iste Invest LLC.

A company with equity capital of AZN 7 million registered in Baku

The State Tax Service of Azerbaijan has registered Real Estate LLC

40 KOB Dostu centers provide free consultations to entrepreneurs

The Agency for the Development of Small & Medium-sized Businesses (KOBIA) under the Ministry of Economy is currently actively working in districts of Azerbaijan.

A separate financial fund for small businesses under creation

If to look at experience of recent years, then more preference is given to the adoption of laws of some kind of framework nature

Baku to host another business forum

Austria's Trade Adviser in Azerbaijan Gerhard Luckner visited the Azerbaijan Export & Investment Promotion Foundation (Azpromo).

UK government’s new sanctions list includes businessmen God Nisanov and Zarakh Iliev

The UK government has imposed sanctions against 92 Russians

Azerbaijan may introduce seasonal tax benefits

The State Tax Service under the Ministry of Economy of Azerbaijan is considering the possibility of tax benefits to business entities engaged in seasonal activities, in other words, the possibility of applying seasonal taxes.

What's going on at Gilan Holding?

Chairman of board of Gilan Holding LLC has been replaced.

Swiss-Azerbaijani Chamber of Commerce & Industry established

Applications received from more than 460 foreign entrepreneurs in connection with activities in Karabakh

To date, about 1,300 applications have been registered from entrepreneurs wishing to start a business in Karabakh, of which more than 460 belong to foreigners from 40 countries.

KOBIA and two Israeli organizations sign memorandum