Businesses in this territory of Azerbaijan exempt from customs duties for 10 years

Residents of the territories liberated from occupation are provided for exemption from customs duties for the period of 10 years from 1 January 2023, the import of raw materials and materials in the areas of production activity.

Russian company leaves Araz Valley Economic Zone

Resident of the Araz Valley Economic Zone Industrial Park in Jabrayil district, KAMAZ Leasing Azerbaijan LLC has been renamed for Euro Leasing Azerbaijan.

Toyota Motor's income decreased by 23% this year

Azerbaijan creates Joint Business Council with Qatar

Bloomberg calls Walmart owner's family the richest in world

The rating of the richest families in the world, according to Bloomberg, for the fourth year in a row was headed by the Walton family, which owns world's largest wholesale and retail chain Walmart.

Zara agrees to sell its business in Russia

Clothing store chain Inditex, which owns brands Zara and Bershka, has reached an agreement to sell its business in Russia to Daher group

Mercedes to sell its shares in Russian subsidiaries

Azerbaijani programmer’s startup receives investment of $27 million

Startup WeTravel, co-founded by Azerbaijani programmer Garib Mehdiyev, received investments in the amount of $27 million, National Internet Forum’s head Osman Gunduz informed on his Facebook page.

List of world’s richest people

The richest people of 2022 have been announced.

Philips to cut 4,000 employees - Details

Dutch medical equipment manufacturer Philips plans to cut approximately 4,000 jobs in an attempt to optimize the organizational structure.

A market opens in Zangilan with support of a Turkish company

A market has been launched in Agali village of Zangilan district in order to meet the needs of residents in everyday goods.

Number of companies in Azerbaijan grew by 9.2%

Azerbaijan registered 1,388,382 taxpayers as of 1 October 2022 (6.6% more than in October 2021).

J&J’s net profit decreased by 10.7% for 9 months

The net profit of American company Johnson & Johnson (J&J), one of the world's largest manufacturers of health products, for the past 9 months of 2022 decreased by 10.7% year-on-year to $14.4 bn.

3,141 companies declared bankruptcy in Japan for 6 months

Credit research agency Tokyo Shoko Research (TSR) has studied the number of Japanese companies that went bankrupt over a 6-month period and their causes.

Danone leaves the Russian market

France’s Danone has decided to launch the process of transferring actual control over the dairy and vegetable production business in Russia

Caspian Fish Co Azerbaijan evades taxes

A lawsuit has been filed against Caspian Fish Co Azerbaijan LLC, which is engaged in the production of caviar and fish products in Azerbaijan

Ex-press secretary of Karabakh football club creates his own company

The former press secretary of the Karabakh football club, Nurlan Ibragimov, has founded a company.

BQ AQRO transformed into CJSC

BQ AQRO has announced change in its organizational and legal form.

New company set up with authorized capital of over AZN 485,000

The State Tax Service has registered Iste Invest LLC.

A company with equity capital of AZN 7 million registered in Baku

The State Tax Service of Azerbaijan has registered Real Estate LLC

40 KOB Dostu centers provide free consultations to entrepreneurs

The Agency for the Development of Small & Medium-sized Businesses (KOBIA) under the Ministry of Economy is currently actively working in districts of Azerbaijan.