Another company cuts its authorized capital

Competition portal to be launched in Azerbaijan

Full digitalization of activity of the antimonopoly service is planned.

U.S. federal authorities sue Amazon

The U.S. Federal Trade Commission and the attorneys general of 17 U.S. states have sued Amazon, accusing it of monopolism.

Service’s head: Competition Code is not for someone's personal interests

The Competition Code is not written for someone's personal interests, but for the development of our country.

Azerbaijani businesswomen got preferential loans for AZN 10 million for 8 months

Chocolate production launched in Guba

On September 23, 2023, a chocolate production site was launched at production complex ABAD Factory with the support of Turkish investors.

Amazon invests $4 bn in AI startup Anthropic

Amazon intends to invest $4 billion in startup Anthropic, specializing in machine learning technologies and artificial intelligence systems based on neural networks.

Company's capital increased to AZN 31 million in 11 months

The authorized capital of Abşeron Invest LLC has been increased again and approached to AZN 31 million.

Head of a hotel company replaced in Azerbaijan

The head of the hotel company managed by PMD Hospitality LLC has been replaced.

Nakhchivan reveals about 13,000 accounting evasions in May-August

The results of the process of simplifying the accounting of taxpayers engaged in entrepreneurial activities in the Nakhchivan Autonomous Republic within the new tax administration have been summed up.

These companies are under liquidation - List

Yevlax Aqrotexservis and Yevlax-Təmir have announced liquidation.

Toshiba to become a private company after takeover by TBJH consortium

Japan's Toshiba has announced successful completion of the process of repurchasing a significant share of company's shares by its largest shareholder, TBJH consortium.

Gillan FMCG Trade & Distribution cuts capital

Gilan FMCG Trade & Distribution LLC reduces its authorized capital.

Innovations related to LLC to appear in Azerbaijan

Baku Airport Freezone closed - appeal to creditors

Baku Airport Free LLC announces its liquidation.

Nakhchivan to allocate limit on provision of preferential loans to entrepreneurs

The Nakhchivan Autonomous Republic is planning to allocate a target limit for provision of preferential loans to entrepreneurs in 2023-24.

J&J updates its logo first time in 135 years

Karvan KR tax debt reaches half a million manats

Karvan KR LLC has a tax debt to the state.

Gübre.az loss for 1st half of 2023 reached AZN 2.224 million

Agrarian Innovations & Supply OJSC, known as Gübre.az in Azerbaijan, in the 1st half of 2023 suffered losses for more than AZN 2.224 million

The largest strike has begun at Ford, GM and Stellantis

Google to pay $93 million for violation of confidentiality

Search giant Google has agreed to a $93 million settlement with the state of California over its location-privacy practices.