This company to produce ventilation equipment in Aghdam

Metkons LLC received the status of a resident of the Aghdam Industrial Park in April 2022. The company, located on an area of 1 hectare, plans to produce ventilation and fire-fighting equipment, as well as various metal products.

A former employee of Musk reveals main problems of Tesla

Peter Rawlinson, who was once an engineer at Tesla, made sensational statements about the Mask.

Losses of Işgüzar Kredit Ittifaqı increased

Işgüzar Kredit Ittifaqı LLC ended 2023 with net loss of 5,129 manats and 2022 with net loss of 4,991 manats (3% more versus the previous year), ABC.AZ reports with reference to company's financial statements.

Volume of loans to individual entrepreneurs exceeded 3 bn manats for Jan-Apr

The volume of loans given by credit institutions in Azerbaijan to persons engaged in entrepreneurial activity without forming a legal entity has increased for the past 4 months of 2024.

One more pawnshop company created in Azerbaijan

A new pawnshop company, Inci Kredit Lombard LLC, has been established in Azerbaijan.

Beer and soft drinks producer to be established in Gabala

A Joint Participation Agreement on the establishment of a beer and soft drinks production plant in Gabala has been signed, ABC.AZ was informed at the Azerbaijani Economy Ministry.

Simurq Kompani ends last year with loss of over 33,000 manats

Simurq Kompani suffered a loss of 33,097 manats in 2023.

Milk-Pro reorganized

Azemal LLC is separated from Milk-Pro LLC.

Azerbaijan to register LLCs with foreign investments in e-form

The state registration of limited liability companies with foreign investments in Azerbaijan will be carried out electronically.

LLCs to be warned in this case

LLCs (limited liability companies) in Azerbaijan may be warned for late provision of information on the authorized capital.

Elon Musk scared shareholders by demanding 25% of the company

Tesla is a company engaged in artificial intelligence and robotics.

4 companies owned by one person are being liquidated in Azerbaijan

Azerbaijan to export mirrors abroad

In the coming months, the construction of the first mirror manufacturing plant will begin in Azerbaijan.

Equity stakes of shareholders of Partner Finance CJSC changed

A change has been recorded in the distribution of equity stake of shareholders of leasing company Partner Finance CJSC.

Volume of loans given to entrepreneurs almost triples in Nakhchivan

The Entrepreneurship Development Fund of the Ministry of Economy has financed 13 projects within the state support for the private sector in the Nakhchivan Autonomous Republic.

Toshiba to lay off 4,000 people in Japan

Because of recent financial losses, Toshiba will restructure and reduce its staff.

Tik Tok becomes the most expensive brand in China

Tik Tok became the most expensive brand in China, overtaking Industrial & Commercial Bank of China (ICBC), ABC.AZ informs, referring to the annual report of Brand Finance China 500.

Number of Azerbaijani companies registered in Kazakhstan has grown by 18%

The number of Azerbaijani companies operating in Kazakhstan increased by 18.4% year-on-year by May 2024, ABC.AZ reports with reference to the National Bureau of Statistics.

In 2024, 61.3 million manats of preferential loans given to entrepreneurs

Over Jan-Apr 2024, the Entrepreneurship Development Fund under the Ministry of Economy gave 61.3 million manats of concessional loans.

Nakhchivan's economy grew by 2.6%

GDP in the Nakhchivan Autonomous Republic amounted to 424.76 million mantas for Jan-Apr 2024.

Polish company leaves Azerbaijan

Apollo Spirit Baku LLC has announced about its liquidation.