Multinational corporations reduce production in Africa — they leave the continent

Toshiba to cut about 5,000 jobs

Toshiba Corporation intends to cut 5,000 jobs in Japan, which is about a tenth of its staff in the country.

Details of budget on contributions to compulsory health insurance updated

Tobacco importer to pay a fee of 150 manats

A proposal has been made to amend the Law on State Duty.

Azerbaijan gets in Top 10 of countries on companies in Kazakhstan

The number of Azerbaijani enterprises operating in Kazakhstan by April 2024 increased by 19% against April 2023.

Number of taxpayers in Azerbaijan has grown by 7.5%

As of April 1, 2024, 87.3% of 1,537,952 taxpayers registered in the country are individuals and 12.7% - legal entities and other organizations.

Limited liability company for 11 million manats closes and merges with another company

Grand Logistics Center LLC has merged with Grand Logistics Center Property LLC and as a result of this merger was reorganized into Grand Logistics Center LLC.

€2 million worth company under liquidation

The liquidation of Sia Baltic Medical Program Az LLC has been announced.

Two companies owned by the same person close in Azerbaijan

Two companies owned by the same person are under liquidation in Azerbaijan.

British company leaves Azerbaijan

Another foreign company is leaving the Azerbaijani market.

These companies merge with PMD Group

Alibaba Group bought 524 million of its own shares for $4.8 bn

Samsung is projected to increase profits

Samsung is expected to increase its profit almost 9-fold in the 1st quarter of this year compared with last year.

A company with equity capital of over 499,000 manats established

On December 28, 2024, the State Tax Service carried out the state registration of Inşaat In LLC (TIN: 1008471171).

Company with authorized capital of 150,000 manats established in Azerbaijan

Furacs LLC with authorized capital of 150,000 manats has been established in Azerbaijan.

Korean company leaves Azerbaijan

The liquidation of the branch of Kunhwa Consulting & Engineering Co., Ltd. in Azerbaijan has been announced.

Alisher Usmanov suffered losses of $2.8 bn

Alisher Usmanov's fortune dropped to $18.3 bn.

One more company leaves Azerbaijani market

The liquidation of a branch of URS Corporation Limited in Azerbaijan has been announced.

Number of participants in foreign trade in Azerbaijan decreased

Over Jan-Feb 2024, there were 17,894 participants in foreign trade in Azerbaijan.

Adore Kompani cuts its share capital almost by 100%

Adore Kompani LLC, a chain of cosmetics & perfumery stores in Azerbaijan, has reduced its authorized capital.

Insulation materials to be produced in Agdam Industrial Park

Thermo Natural Azerbaijan LLC, a resident of the Agdam Industrial Park, will begin construction of a production facility in July-August of this year.