364 legal entities of public law passed state registration for Jan-Jul

Data unveiled on registered commercial organizations with foreign investments

State registration of commercial organizations with local investments increased by 12.5%

Over 8,800 commercial organizations registered for past 7 months

Over Jan-Jul 2022, 8,843 commercial organizations were registered in Azerbaijan (35.3% more against Jan-Jul 2021)

Alibaba has cut about 10,000 jobs for last 3 months

Chinese online retailer Alibaba laid off 9,200 people between April and June of this year. Thus, the company reduced a total of 245,700 employees.

Taxpayer rate grew by 6.9%

As of 1 August 2022, Azerbaijan registered 1,370,252 taxpayers (6.9% more year-on-year).

Number of individual entrepreneurs exceeds 1.19 million

As of 1 July 2022, the number of individual entrepreneurs registered to carry out entrepreneurial activities without forming a legal entity exceeded 1.193 million.

Singer Timati becomes owner of Starbucks chain in Russia

Renault's net loss is estimated at €2.3 bn

Renault informs that company's net loss from termination of operations in Russia amounted to €2.3 bn.

Fortune of Ukrainian businessman decreased by 64%

The fortune of the famous Ukrainian businessman Rinat Akhmetov has decreased by 64%

Meta's earnings decreased

Meta has published a balance sheet for April-June 2022.

Another NBCO with capital of AZN 300,000 created

The State Tax Service under the Ministry of Economy of Azerbaijan has registered non-bank credit organization Payonix LLC.

Microsoft lost $126 million due to its activity reduction in Russian market

Microsoft Corporation faced operating costs of $126 million because of the decision to leave the Russian market.

Number of business trips from Russia to Azerbaijan grows

Ethnic Turk appointed CEO at Rolls Royce

The manufacturer of aircraft engines Rolls-Royce announced on Tuesday the appointment of Tufan Erginbilgich, the former executive director of oil company BP, as CEO.

Iraqi entrepreneurs arrive in Azerbaijan

A delegation of Iraqi entrepreneurs has arrived in Azerbaijan.

Tesla's income grew by 42%

Tesla has published the balance sheet for Q2 of 2022.

Czech company curtails its business in Azerbaijani market

The representative office of Assa Abloy Czech & Slovakia s. r.o. in Azerbaijan announces its liquidation.

A British company has closed in Baku

Netflix lost almost 1 million subscribers in 2nd quarter

Netflix streaming service lost almost a million paid subscribers in the 2nd quarter of 2022

Debt owed by Milla LLC to state unveiled

AZ FP CO LTD, one of the leading producers of dairy products in Azerbaijan, has a large tax debt to the state.