Authorized capital of Sun Food LLC reduced

The authorized capital of SunFood LLC decreased from AZN 110.125 million to AZN 66.225 million, i.e. by 39.9%.

What benefits will be provided to employers in liberated territories?

A new leasing company established in Azerbaijan

On April 25, 2023, the State Tax Service registered Qafqaz Leasing LLC (TIN: 2907063901).

Ex-minister constructs a metallurgical enterprise in Jabrayil

President Ilham Aliyev laid the foundation of new enterprises to be built in industrial park Araz Valley Economic Zone in Jabrayil district.

Three more companies separated from Gəmiqaya Holdinq

Gəmiqaya Holdinq is being reorganized.

Azerbaijan changes rules of inspection in business

Amendments will be made to the Law on the regulation of inspection in the field of entrepreneurship & protection of entrepreneur interests.

Russians created 308 companies in Türkiye in March

In March 2023, 308 companies with Russian capital were registered in Türkiye (213 more companies against March 2022)

Clubhouse to lay off half of employees

Clubhouse co-founders Paul Davison and Raen Seth stated that their product needs to evolve, and the company needs a reboot.

Entrepreneurs opening accounts in foreign banks should report about this

Entrepreneurs and companies that have accounts in foreign banks for entrepreneurial purposes should report about this to the State Tax Service.

Ex-deputy minister founds a company

Azerbaijani ex-deputy education minister Mahabbat Veliyeva has established a company.

Intel lost about $2.8 bn in 3 months

American Intel Corp., one of the world's leading manufacturers of computer components, recorded a record net loss in the 1st quarter of 2023 amid declining demand for PCs.

69 companies with Azerbaijani capital registered in Türkiye in March

In March 2023, 69 companies with Azerbaijani capital were registered in Türkiye, which is 10 more companies than in March 2022

Milla has split into two parts

Milla Dairy LLC (TIN - 1300995031), as a result of reorganization and separation from its composition, announced the creation of Novex Group LLC.

Zuckerberg's fortune increased by $10.1 bn during the day

On April 27, the fortune of billionaire Mark Zuckerberg grew more than by $10 bn.

This company has doubled its capital

Ocaq Holding LLC (TIN: 1006951941) has announced a 2-fold increase in its capital.

Share of business entities in public procurement made up 96%

Meta Corporation’s income increased by 3%

Over the past quarter Meta Corporation's revenue grew by 3% year-on-year, exceeding analysts' expectations.

Samsung Electronics' operating profit fell by 95%

In the first quarter of 2023, the profit of S Korean corporation Samsung Electronics Co Ltd slumped by 95% amid a sharp decline in demand for semiconductors in the world, which caused a collapse in prices.

Number of active entrepreneurs grows in Azerbaijan

The number of active entrepreneurs in the country grows and currently exceeds 720,000.

Deputy Minister: Entrepreneurs work more transparently than in the past

Activity of entrepreneurs becomes more transparent, ABC.AZ reports, citing Deputy Economy Minister Sahib Alakbarov.

Work starts on 73 investment projects in Azerbaijan's liberated regions

The Ministry of Economy of Azerbaijan received more than 1,400 applications to engage in entrepreneurial activity in our liberated regions.