Musk becomes first person with fortune of $400 bn

Elon Musk became the first person whose fortune exceeded $400 bn

A new company established in Karabakh

Entrepreneurs from Dagestan are on a business mission in Azerbaijan

Inditex's net profit grew by 8.5% in 9 months

For the 3rd quarter of fiscal year 2024, Spain’s Industria de Diseno Textil SA (Inditex), one of the world's largest clothing retailers, increased net profit by 8.5% and revenue by 7.1%.

Aselsan Bakü lowers authorized capital

The authorized capital of Aselsan Bakü LLC is reduced.

Elon Musk's SpaceX becomes world’s most expensive private startup

Elon Musk's SpaceX has become the most expensive private startup in the world after offering investors to buy shares.

BAFCO Invest received international certificates of conformity in manufacture of shoes

Number of active taxpayers exceeds 800,000

Boeing reduces staff by 10%

American company Boeing will soon reduce its workforce by 10% because of business problems amid strikes and production delays.

Total assets of Azerbaijani companies grew by 5%

The total assets of companies in Azerbaijan increased to 328.728 billion manats by January 1, 2024.

Last year, SMEs increased profits by 12%

In Azerbaijan, micro, small and medium-sized businesses (SMEs) made a total profit of 5.488 billion manats in 2023.

Azerbaijani Artists’ Works Showcased in Türkiye with Trendyol’s Support Photo

Rate of active taxpayers in NAR observes a rise this year

As of December 1, 2024, the number of active taxpayers in the Nakhchivan Autonomous Republic reached 21,374 (37.9% more than at the beginning of the year).

Net profit of Snack Company LLC declined more than by 30%

The Snack Company LLC has published the financial statements for 2023.

Azerkontrakt appeals to creditors - company closes

State contract corporation Azerkontrakt has announced about its liquidation.

Tesla's market value has exceeded $1 trillion

TV tower owes over 11,000 manats in taxes to state

It became known that TV Tower LLC has a tax debt to the state.

Work is underway over new Tax Code

Azerbaijan is working over a new Tax Code.

Financial Times: Nissan has about 12-14 months to survive

Buffett to donate close to $1.2 bn to charity

A joint company with UAE established in Azerbaijan

Engineering company Volts Energy Ltd., registered in Abu Dhabi, and Azerbaijan’s Turan Energy LLC have established a joint company.