Airbnb closes its business in China

Online home rental service Airbnb is closing its business in China because of low incomes and a lot of competition

MSDIS Holding, which owed a large sum to state, won 16 tenders in 5 months

Azerbaijan-based MSDIS Holding has a huge tax debt to the state.

A Russian citizen establishes a company with large capital in Baku

The State Tax Service registered Zumrud Capital LLC on 15 March 2022.

ATB chairman: Azerbaijan has very high interest rates on business loans

Baku hosts Azerbaijan-Lithuania Business Forum

The Azerbaijani-Lithuanian Business Forum has been held in Baku today.

McDonald's leaves Russia and sells its business

McDonald's plans to leave Russia.

Reebok sells its business in Russia

Reebok has sold its business in Russia.

Elon Musk suspends a deal with Twitter because of bots

Elon Musk has announced the suspension of the contract for the purchase of Twitter for $44 bn.

Number of inspections in field of entrepreneurship to increase

The number of inspections allowed to be carried out in the field of entrepreneurship is going to increase.

Introduction of a new business support mechanism starts

The Entrepreneurship Development Fund has launched the introduction of a new business support mechanism.

Baku to host presentation of about 200 companies

An introductory exhibition of Azerbaijani companies Partners & Business Baku 2022 will be held in Baku on 16-18 June.

Coffee producer Paulig has sold its business in Russia

Finnish Paulig Group has sold its Russian business.

One more company with equity capital of 1,000 manats created

On April 26, 2022, the State Tax Service under the Ministry of Economy registered PASHAINVEST I LLC.

Staff reductions begin at Borjomi

Georgian company IDS Borjomi has reported about the beginning of massive layoffs.

Loğman OJSC shareholders plan a meeting

Bakı Şərab-1 completed past year with net profit

Bakı Şərab-1 finished 2021 with net profit of AZN 129,973.

Entrepreneurship Development Fund reports about over AZN 17 million of profit

The Entrepreneurship Development Fund under the Ministry of Economy of Azerbaijan completed 2021 with net profit of AZN 17.68 million.

Amazon suffers losses for $3.8 bn

Amazon has released a quarterly loss report for the first time since 2015.

Amount returned to consumers for damage made public

In the 1st quarter of 2022 the State Service for Antimonopoly Control & Consumer Market Supervision under the Economy Ministry considered 1,975 appeals from consumers.

Twitter’s shares rose after its buying

Elon Musk bought Twitter for $44 bn.

Google registered Pixel Watch trademark

Google has applied for registration of trademark Pixel Watch.