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.

Advertising revenue on Twitter fell by 50%

Twitter's cash flow remains negative because of an almost 50% drop in advertising revenue and a large debt load, which does not meet Elon Musk's expectations.

Azerbaijan records a rise on microloan recipient female entrepreneurs

The percentage of women entrepreneurs receiving micro-loans in Azerbaijan is currently 32% against 4% in 1996.

Company’s authorized capital increased in Azerbaijan

The authorized capital of G Capital LLC, registered at the same address as Gilan Holding LLC, in Capital Towers has been slightly increased.

Recently-established 2 companies liquidated in Nakhchivan

Naxpropert-4 LLC and Naxproperty-S1 LLC announced about their liquidation.

OceanGate suspends its activity

OceanGate Expeditions has stated that it was suspending its operations after its Titan bathyscaphe sank in the waters of the Atlantic Ocean in June

EU Commission investigates Amazon's takeover of iRobot

The deal between Amazon and iRobot for $1.7 bn has come to the attention of the EU antitrust legislation.

Twitter's competitors grow after restriction

Twitter's competitors began to grow after new restrictions imposed by Elon Musk.

A joint Thai-Azerbaijani company under creation - an enterprise to be built

A joint venture between Azerbaijan and Thailand will be established in the Pirallakh Industrial Park.

Meta launches an analogue of Twitter

On July 6, Meta Corporation will launch an analogue of social network Twitter - application Threads.

Riots in France caused damage for over €1 bn

Losses from the riots in France are estimated at more than €1 bn, “excluding losses in tourism".

Apple's capitalization exceeds $3 trillion

Apple's capitalization has exceeded $3 trillion for the second time in history.

111 companies with Azerbaijani capital registered in Türkiye in May

111 companies with Azerbaijani capital were registered in Türkiye for May 2023.

Ford prepares next layoffs of employees

Ford Motor (U.S.) is preparing to begin another round of layoffs in the coming weeks.

Aztrading Service sharply reduces authorized capital

Aztrading Service LLC announced about reduction in authorized capital from 241,000 manats to 20 manats.

Net profit of Ekol Engineering Services drops 3.6-fold

Ekol Engineering Services CJSC completed 2022 with net profit of AZN 1.856 million, ABC.AZ informs with reference to company's report.

Uber to cut 35% of employees

Uber Technologies, which provides taxi ordering and food delivery services, will cut 200 employees of the recruitment department.

Spark Beton’s head replaced

The CEO of Spark LLC, a concrete manufacturer in Azerbaijan, has been replaced.

Musk: Tesla to appear in India as soon as possible

Elon Musk said he had a meeting with Indian Prime Minister Narendra Modi in New York.

KKR to buy $44 bn loan portfolio from PayPal

Private investment company KKR acquires a significant part, up to €40 bn ($43.71 bn) of PayPal's loan portfolio.