Russia demands big discounts from outgoing foreign companies

According to sources familiar with the situation, some foreign companies seeking to leave Russia are facing the problem of a sharp increase in costs.

Heineken completes deal on sale of assets in Russia

The Dutch brewing concern Heineken completed the sale of its assets in Russia to the Arnest group.

Azerbaijan Businessmen Association established in Kars

The Azerbaijan Businessmen Association (ABA) has been established in the Turkish province of Kars.

Azersheker starts cooperation with British company

Two companies merge in Nakhchivan

Two companies are merging in Nakhchivan.

Neftçala Balıq-Emtee-2022 passed state registration

The State Tax Service has carried out the state registration of Neftçala Balıq-Emtee-2022 LLC.

Russian company to export fish products to Azerbaijan

Amazon has laid off hundreds of employees

Amazon Fresh parted with hundreds of employees.

Meta's net profit grew by 16% for Q2

Volkswagen to invest about $700 million in Xpeng

Volkswagen Group (VW) is likely to invest about $700 million in Chinese electric vehicle manufacturer Xp eng.

A Russian citizen creates a new company in Azerbaijan with authorized capital of $10,000

Hell Energy Azerbaijan LLC receives state registration

The State Tax Service has carried out the state registration of Hell Energy Azerbaijan LLC.

Azerbaijan to host Baku Water Week for the first time

Twitter changes its logo

Today, social network Twitter has changed its logo to a white letter X with a black outline, removing the image of a blue bird.

Company increases its authorized capital more than 5-fold

AS-ANA GROUP, LLC (TIN: 3102947481) has increased its authorized capital.

IBM reduced revenue in 2nd quarter

Over the 2nd quarter of 2023, International Business Machines (IBM) slightly reduced revenue, which led to a moderate decline in company's stock prices.

TƏBIB LTD under liquidation

TƏBIB LTD will hold an extraordinary general meeting of the founders at 12:00 on July 25, 2023.

Tesla's income grew almost 1.5-fold for Q2

American electric car manufacturer Tesla Inc. increased its net profit by 20% in the 2nd quarter of 2023, revenue almost by one and a half times, and adjusted profit and revenue were better than market forecasts.

1,493 companies applied to invest in Karabakh up to date

To date, the Small and Medium Business Development Agency has received applications from 1,493 companies to invest in the liberated territories of Azerbaijan.

21 business licenses given in Nakhchivan in 1st half of 2023

The Ministry of Economy of Nakhchivan Autonomous Republic gave 21 business licenses in the 1st half of this year.

List of banks by volume of preferential loans to entrepreneurs

Over Jan-Jun 2023, Bank Respublika OJSC topped the rating of agent banks of the Entrepreneurship Development Fund in terms of the volume of concessional loans given to businesses.