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.

Since 2019, rate of active taxpayers has grown 1.7-fold

The fiscal obligations of the State Tax Service were fulfilled in 2023, tax revenues to the State Budget exceeded 16.1 bn manats.

Last year, our entrepreneurs conducted operations with their partners in 193 countries

In 2023, legal entities and individuals of Azerbaijan carried out trade operations with their partners in 193 countries, exported products to 121 countries and imported from 184 countries.

Nvidia's market value surpasses Amazon's

Nvidia's market capitalization surpassed the market value of Amazon shares during trading on February 12.

A travel company closes in Azerbaijan

Armada Group is reorganized

Armada Group LLC is being reorganized.

Adani's fortune has grown up to $100 bn

The fortune of the founder of the Adani Group, Gautam Adani, once the richest man in Asia, has risen to $100.7 bn.

Gilan Seramik’s authorized capital sharply reduced

The authorized capital of Gilan Seramik LLC has been reduced.

Disney to buy a stake in Epic Games

The Walt Disney Company is planning to acquire for $1.5 billion am equity stake in Epic Games, which develops computer games, including Fortnite.

Head of Azgranata replaced second time in a month

YouTube TV offers a new quality option for its subscribers

A new quality option has been proposed for YouTube TV subscribers.

One more Czech company leaves Azerbaijani market

The branch of Bacato s.r.o. in Azerbaijan announces its liquidation.

Azerbaijani startup Perkskit creates new products

Azerbaijani startup Perkskit, which has been operating for 2 years, is creating new products, ABC.AZ quotes Farid Agamalyoglu, co-founder of Perkskit LLC.

Abidas, Luxoil and similar brands fall under legal responsibility

24-year-old transport company closes in Azerbaijan

Çörək Nəqliyyat JSC (TIN: 1500413751) announces about its liquidation.