Holcim Azerbaijan at the Forefront of Sustainable Water Management Solutions

Baku Water Week was held for the first time in Azerbaijan

CES Consulting Engineers Salzgitter leaves Azerbaijan

The liquidation of the branch of German company CES Consulting Engineers Salzgitter GmbH in Azerbaijan has been announced.

One more company cuts its authorized capital again

The authorized capital of Insystem LLC (INN: 6001763151) is decreased.

Owners of Telegram channels to start receiving up to 50% of advertising revenue

Owners of Telegram channels will receive up to 50% of advertising revenue from March 2024, ABC.AZ reports, quoting Telegram founder Pavel Durov.

Metanet to invest 5 million manats in this production

Metanet LLC received the status of a resident of industrial park Araz Valley Economic Zone.

A preferential loan given for production of wet wipes in Azerbaijan

The Entrepreneurship Development Fund under the Ministry of Economy has given a preferential loan in the amount of 120,000 manats for a wet wipes production project.

AZPROMO and Alibaba sign Memo of Understanding

The Memorandum of Understanding has been signed in Baku between the Azerbaijan Export & Investment Promotion Foundation (AZPROMO) and Chinese e-commerce giant Alibaba.com.

Sarr Logistics reduces authorized capital

Sarr Logistics LLC has announced reduction of its authorized capital.

15 companies with Azerbaijani capital registered in Türkiye for January

American company leaves Azerbaijan

The liquidation of the branch of company Development Alternatives, Ink in Azerbaijan has been announced.

Maksimus faced losses in 2022

Maksimus LLC, engaged in the construction of residential and non-residential buildings, indicated in its financial statements for 2022 that it ended the year with loss.

Zamanoğlu Logistics increases authorized capital

Zamanoğlu Logistics LLC is increasing its authorized capital.

Park Azure under liquidation – Appeal to creditors

Park Azure Housing & Construction Cooperative has announced about its liquidation.

Rate of people employed in furniture production falls by over 33%

As of January 1, 2024, the number of people employed in the field of furniture production in Azerbaijan reached 7,908 people (by 417 people, or 33.3% less against January 1, 2023).

Caspian Event Organisers and Iteca Caspian prepare for new exhibition year

Danone plans to sell the Russian business for $191.5 million

French dairy producer Danone, whose Russian assets have been transferred to the temporary management of the Federal Property Management Agency, plans to sell the business in Russia for 17.7 billion rubles ($191.5 million) to Vamin Tatarstan.

The company producing dairy products is divided into two

Milk-PRO LLC is reorganized by separating from Xətai Development LLC.

Adore Kompani reduces the share capital

A chain of shops selling perfumes and cosmetics in Azerbaijan – Adore Kompani LLC (Ideal store chain) reduces its authorized capital.

EU to fine Apple for violation of norms in music streaming

The European Union is close to hitting Apple Inc. with its first ever antitrust fine as well as a ban on App Store rules that the bloc believes thwart competition

Number of companies utilizing inward processing for export activities increases by 77%

The adoption of the inward processing special customs procedure, which contributes to the development of industry and expansion of export activities, has yielded positive results.