Subsidized loans for 138 million manats given in Azerbaijan for 8 months

Role of SMEs in socio-economic growth of country increases

The role of small and medium-sized businesses (SMEs) in country’s socio-economic growth of the country is increasing in Azerbaijan.

Is Machine-Tool Plant closed?

In the form of the separation of reorganization from the structure of Machine-Tool Plant, a new legal entity is being created under the name Seyhanlar Group 2024 LLC.

Another rule regarding taxpayers approved

The Procedure for determining taxpayer's ability to repay tax debts has been approved.

A company with equity capital of 660,000 manats created

The State Tax Service has carried out state registration of Money Shop LLC (TIN: 1406908311).

Shareholder of Bakı Sığorta sells stake in company

The distribution of shares among shareholders of Bakı Sığorta OJSC has changed.

Telegram's losses reach $173 million in 2023 as Durov faces charges

The arrest and charges brought against Telegram co-founder Pavel Durov in France have dealt a significant blow to the company's plans for a successful IPO, resulting in substantial losses for bondholders

OpenAI to reach $100 billion valuation

Nvidia's revenue soars 2.2 times in Q2 FY2024

American graphics processor giant Nvidia Corp. reported a sharp increase in net profit and revenue for the second quarter of the fiscal year 2024, ending July 28.

Türkiye sees decline in Azerbaijani-backed enterprises

The number of Azerbaijani investment companies operating in Türkiye has experienced a notable decrease.

Apple lays off 100 employees

Apple announced the layoff of 100 employees, with the majority of the affected staff hailing from the company's Books and News departments.

Chinese companies poised to sell $1 trillion in dollar assets

Chinese companies are gearing up for a potential sale of dollar assets worth a staggering $1 trillion, according toStephen Jen, head of Eurizon SLJ Capital.

PDD Holdings reveals Temu's staggering profits amid missed expectations

Chinese e-commerce platform Temu has taken the world by storm, captivating consumers with its affordable products and rapid global expansion.

Minister: Uzbek company to launch textile production in Khankandi

Minister: Azerbaijan and Uzbekistan have opportunities to expand joint activities in third countries

The economies of Azerbaijan and Uzbekistan are developing dynamically, Minister of Economy of Azerbaijan Mikayil Jabbarov said at the Uzbek-Azerbaijani Business Forum in Tashkent

Tashkent hosting Uzbek-Azerbaijani business forum

The Uzbek-Azerbaijani business forum began in Tashkent today.

A business forum to be held between Azerbaijan and the Gulf Cooperation Council

The 3rd business forum between Azerbaijan and the Gulf Cooperation Council will be held in Baku this September.

Intel's net loss for Q2 was $1.6 billion

Apple reports for the 3rd fiscal quarter

Apple's sales for the 3rd quarter of the fiscal year increased by 5%, exceeding expectations on the back of rising revenue from services, as well as from the sale of iPads and iPhones.

Bloomberg: Intel to lay off thousands of employees to cut costs

American Intel plans to cut thousands of employees in order to reduce costs and finance a recovery program after declining profits and loss of market share, ABC.AZ reports, referring to Bloomberg.

Samsung Electronics' operating profit grew 15-fold in 2nd quarter

The operating profit of South Korean corporation Samsung Electronics in the 2nd quarter of 2024 increased 15-fold compared with Q2 of 2023.