Tax Service warns entrepreneurs in connection with tax returns

March 27 and March 31 are the deadline for submitting a number of tax returns.

India has sent 46 companies to Azerbaijan

We arrived in Azerbaijan with a delegation of about 60 representatives of 46 companies which want to strengthen relations with your country.

Gəmiqaya Holdinq announces reorganization

There was a separation from Gəmiqaya Holdinq LLC (INN-0201375131), associated with country's leading company Gəmiqaya Holdinq.

Monte Investments reduced authorized capital by 2 million times

Monte Investments LLC (TIN 1806042091) announced a reduction in the authorized capital from 12.34 million euro (22.8 million manats) to 10 manats.

Manufacture of watches in Gobu has begun — 1,000 watches are made every month

Orkhan Mammadov, the chairman of board of the Agency for the Development of Small & Medium-sized Businesses, and agency’s employees visited watch factory VMF Natural Frequencies located in Gobu settlement.

Pfizer buys pharmaceutical company for $43 bn

Pfizer Inc., the largest pharmaceutical company in the U.S., has reached an agreement on purchase of rival Seagen Inc., specializing in anti-cancer drugs, for $43 bn.

BP and KOBIA agree on realization of projects in Azerbaijan

The Small & Medium Business Development Agency and BP have today signed the Memorandum of Understanding on cooperation.

Reduced tax limit for simplified tax payers

This company’s authorized capital decreased to AZN 465,000

Sarı Makina LLC (TIN 1505560031) announces the reduction of the authorized capital from AZN 545,010 to AZN 465,010.

Rural guest houses start functioning in districts

Within the project "Development of entrepreneurship & self-employment in villages", 17 houses belonging to rural residents in Astara, Lerik and Lankaran districts began to function as rural guest houses.

BMW's net profit exceeded €18 bn in 2022

By the end of 2022, the BMW carmaker received €18.58 bn in net profit

30% of all women entrepreneurs recorded in Baku

Napkins to be produced in Nakhchivan

A napkin production site has been created in Nakhchivan at Ləzzət Qida Sənaye LLC.

A company with authorized capital of $11 million established

On December 30, 2022, the State Tax Service carried out state registration of Gəmiqaya Avtonəqliyat LLC

Bloomberg: Elon Musk once again the richest man on planet

Elon Musk, who heads Tesla and SpaceX and owns Twitter, once again topped the ranking of the richest people on the planet.

Ex-head of customs committee becomes head of the company

Azad Rahimov's son founded a mine clearing company

The son of Azad Rahimov, the ex-minister of youth & sports of Azerbaijan, works in a mine clearance company in the liberated territories.

652 new jobs to be created due to subsidized loans for entrepreneurs

In 2022, subsidized loans for AZN 3.9 million were given to 218 women entrepreneurs and for AZN 14 million to 91 young entrepreneurs. Creation of 334 and 318 new jobs, respectively, is planned due to the funded projects.

A new leasing company established in Baku

Atlas Lizinq LLC is registered in Baku.

Bill Gates bought Heineken shares for $900 million

Bill Gates bought a minority stake in Heineken Holding, which is the controlling shareholder (owns 50%) of Heineken N.V. - the second largest brewing company in the world.

68.6% of EDF loans granted to agricultural sector in 2022

A significant proportion of the financial support allocated by the Entrepreneurship Development Fund in 2022 was directed to the agricultural and industrial sectors.