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.

Essity withdraws from Russian market

Swedish manufacturer of personal care products Essity ceases its activities in Russia.

Startup certificates to be issued to three more SMEs in Azerbaijan

Procter&Gamble warns about upcoming closure of business in Russia

American company Procter&Gamble (P&G) stated that it may not be able to continue its activities in Russia because of sanctions, financial restrictions and supply problems.

Azerbaijani entrepreneurs left for to Jordan

Azerbaijani entrepreneurs are paying a working visit to Jordan.

Elon Musk intends to buy Twitter for $41 bn

American billionaire Elon Musk has announced another intention.

Turkish company invests AZN 10 million in Azerbaijan - 750 jobs to be created

Abramovich's assets for $7 bn frozen

Several Russian oligarchs have already begun to lose their fortunes due to sanctions.