Nakhchivan proposes to exempt entrepreneurs from these taxes

Rate of ICT workers grew more than by 29%

In Azerbaijan, due to the benefits provided over the past year, the number of employees in the ICT sector has increased by 29.1%, the salary fund by 39.7%, and turnover by 25.6%.

Chinese company starts production of ceramic tiles in Azerbaijan

Azerbaijan Vanhong Ceramics Co. LLC, a resident of the Sumgait Chemical Industrial Park, has started production of new products.

Issue of introducing new environmental taxes under study in Azerbaijan

The State Tax Service is studying the issue of introducing new environmental taxes in Azerbaijan.

Brand ‘Made in Turan’ created - new products to be launched at market

Thyssenkrupp Steel plans to reduce 11,000 jobs

German company ThyssenKrupp is to reduce 11,000 jobs in its steel production division.

Authorized capital of Azermash sharply increased by 10 million manats

The authorized capital of Azermash LLC, a subsidiary of state-owned Azermash OJSC, which mainly sells and leases cars, has been sharply increased.

A German company sets up a subsidiary in Azerbaijan

Ford to cut 4,000 jobs in Europe

Illegal and unaccountable activities of entrepreneurs to be suppressed

Illegal and unaccountable activities of entrepreneurs operating in the markets will be suppressed in Azerbaijan.

Business turnover of 30% of women on Wildberries is above 500,000 rubles per month

The business turnover of 27% of female sellers on Wildberries exceeds 500,000 rubles per month, and 6% reaches 50 million rubles.

Level Leasing earned 522,000 manats in 6 months

Level Leasing OJSC completed the 1st half of 2024 with profit of 522,000 manats.

Boeing to lay off more than 2,200 workers in Washington and Oregon

Apple registered in Azerbaijan

Apple Distribution International Limited has been registered electronically in the Republic of Azerbaijan for VAT purposes. The registration of a company for VAT purposes comes into force on December 1 of this year.

Taxpayer rate in Azerbaijan has increased

As of November 1, 2024, there were 1,583,592 taxpayers in Azerbaijan.

Solar panel maker on verge of bankruptcy

After the closure of production in Germany, Swiss solar panel manufacturer Meyer Burger is on the verge of bankruptcy.

Alibaba's quarterly net profit increased by 58%

Dream Land has suffered heavy losses – The project is running at a loss

The Dream Land Project, covering luxury residential, shopping, entertainment and sports areas around Baku, also suffered huge damage in 2023.

Intel fired up to 20% of developers in Israel

Siemens plans to cut up to 5,000 employees

The management of Siemens, despite the good performance, announced the reduction of up to 5,000 jobs worldwide.

Authorized capital of reorganized company exceeds 9 million manats