Another innovation in Tax Code

NBCO in Azerbaijan rebranded and became a company

One of the credit organizations in Azerbaijan abandoned the form of a non-bank credit organization and became an ordinary limited liability company.

IBM to lay off almost 4,000 employees

IBM intends to reduce its staff by 3,900 people.

Abramovich's business in UK sold for a song

British telecommunications group Truphone, owned by Russian businessman Roman Abramovich and his partners, has been sold to two European entrepreneurs for £1 (2.1 manats).

Inspections in field of entrepreneurship suspended for one year

Inspections in the field of entrepreneurship are suspended until 1 January 2024.

Up to a quarter of Apple's products to be manufactured in India

Apple intends to produce 25% of all its products in India, ABC.AZ reports, quoting Indian Trade & Industry Minister Piyush Goyal.

AL SPHERE GROUP sharply reduced its authorized capital

Number of companies with Azerbaijani capital grows in Turkiye

Ilham Aliyev met with Adani Group’s founder and chair

From now on, financial sanctions not to be applied to this category of taxpayers

Kromatix SA to set up an enterprise in Alat FEZ

President Ilham Aliyev has met today with Kromatix SA CEO Rafic Hanbali in Davos.

Two more companies change their legal form

Carlsberg Group CEO expressed gratitude to Ilham Aliyev

President Ilham Aliyev has met with president and CEO of Carlsberg Group Cees 't Hart in Davos.

Turkish company wants to open office in Azerbaijan

Turkish company ATIŞ YAPI wants to open an office in Azerbaijan, ABC.AZ reports, citing the Azerbaijan Exports & Investment Promotion Agency

Amazon becomes world’s most expensive brand

One of the world's largest online retailers Amazon has overtaken Apple and become the most expensive brand in the world.

5 companies owned by the same person liquidated in Azerbaijan

Volkswagen AG CEO has died

Carl Horst Hahn, former CEO of German automobile concern Volkswagen AG, has died at the age of 96.

Association of Azerbaijani businessmen to be created in Kazakhstan

The Association of Azerbaijani businessmen will be created in Atkar district of Kazakhstan.

No Russian businessmen to attend Davos Forum

There will be no Russian businessmen at the World Economic Forum in Davos to be held on 16-20 January.

Next SME House to open in this city

The next SME House is expected to start its activities in Ganja

Amount of remuneration of head of Apple to decrease by 40%

Apple CEO Tim Cook will receive $49 million in 2023, which is 40% less than in 2022