NB Seramik plant to export products to Kazakhstan and Uzbekistan

NB Seramik plant, Azerbaijan's first artificial marble and granite production facility, will increase its production capacity 4-fold next year.

Azerbaijan to export more than 1,000 tons of meat to Vietnam annually

Azerbaijan will export more than 1,000 tons of meat to Vietnam annually.

Authorized capital of company belonging to ASG Group reduced

The authorized capital of ASG Business Aviation LLC, part of ASG Group, has been reduced.

Qarabağ Aqro 44 has become a new resident of Aghdam Industrial Park

Qarabağ Aqro 44 LLC has become a new resident of the Aghdam Industrial Park, which is under the jurisdiction of the Economic Zones Development Agency

Detergent to be produced in Baku

Novator HRC will start production of chemical detergents and disinfectants in Azerbaijan.

A company with equity capital of $150,000 closes in Azerbaijan

The liquidation of Apollo Spirit Baku LLC (INN: 1406580131) has been announced.

Microsoft shares fall after global Windows outage

Azerbaijani company will export furniture to Arab countries

From 2025, furniture for country houses produced in Azerbaijan will be exported to Arab countries.

Azerbaijani company reduces its authorized capital by 1.5 million manats

Elveem-Service LLC has announced a reduction in the authorized capital from 3,200,020 to 1,646,550 manats.

3,791 microenterprise entities registered in Karabakh Economic Region

As of July 1, 2024, the number of micro, small, medium and large enterprises in the Karabakh and Eastern Zangezur economic regions of Azerbaijan reached 4,978, and the number of private entrepreneurs - 91,881.

A new resident registered in Aghdam Industrial Park

A new resident has been registered in the Aghdam Industrial Park, which is under the jurisdiction of theEconomic Zones Development Agency (under the Ministry of Economy).

British billionaire to distribute $653 million to employees

British billionaire Mark O'Hara intends to distribute £510 million ($653 million) among his employees, received from the sale of his business.

They are exempt from taxes for 3 years

The Agency for the Development of Small & Medium-sized Businesses (KOBIA) under the Ministry of Economy has issued startup certificates to 10 more SMEs.

Apple's market value has reached $3.5 trillion

Apple became the first company with market capitalization of $3.5 trillion.

A Russian citizen creates a company for 50,000 manats in Azerbaijan

On June 24, 2024, the State Tax Service registered VR Point Baku LLC.

Azersilah for 500 million manats has passed state registration

On June 5, 2024, the State Tax Service registered Azersilah Defense Industry Holding CJSC, established under the Ministry of Defense Industry.

Avto Lizinq Azərbaycan sharply reduced its authorized capital

The authorized capital of Avto Lizinq Azərbaycan LLC, a resident of industrial park Araz Valley Economic Zone has been reduced.

A vocational education center worth 6.6 million manats created

June 13, 2024, the State Tax Service registered the Baku State Center for Vocational Education in Culture & Art (TIN: 1203609451).

A Turkish citizen sets up a company in Azerbaijan for 170,000 manats

On June 20, 2024, the State Tax Service under the Ministry of Economy carried out the state registration of Citrina Logistics LLC.

A company for 26.5 million manats founded in Azerbaijan

On June 27, 2024, the State Tax Service registered Chicken Pro. LLC (TIN: 1605507081).

An Arab businessman creates a company in Azerbaijan for $2.8 million