Ex-deputy minister founds a company

Azerbaijani ex-deputy education minister Mahabbat Veliyeva has established a company.

Intel lost about $2.8 bn in 3 months

American Intel Corp., one of the world's leading manufacturers of computer components, recorded a record net loss in the 1st quarter of 2023 amid declining demand for PCs.

69 companies with Azerbaijani capital registered in Türkiye in March

In March 2023, 69 companies with Azerbaijani capital were registered in Türkiye, which is 10 more companies than in March 2022

Milla has split into two parts

Milla Dairy LLC (TIN - 1300995031), as a result of reorganization and separation from its composition, announced the creation of Novex Group LLC.

Zuckerberg's fortune increased by $10.1 bn during the day

On April 27, the fortune of billionaire Mark Zuckerberg grew more than by $10 bn.

This company has doubled its capital

Ocaq Holding LLC (TIN: 1006951941) has announced a 2-fold increase in its capital.

Share of business entities in public procurement made up 96%

Meta Corporation’s income increased by 3%

Over the past quarter Meta Corporation's revenue grew by 3% year-on-year, exceeding analysts' expectations.

Samsung Electronics' operating profit fell by 95%

In the first quarter of 2023, the profit of S Korean corporation Samsung Electronics Co Ltd slumped by 95% amid a sharp decline in demand for semiconductors in the world, which caused a collapse in prices.

Number of active entrepreneurs grows in Azerbaijan

The number of active entrepreneurs in the country grows and currently exceeds 720,000.

Deputy Minister: Entrepreneurs work more transparently than in the past

Activity of entrepreneurs becomes more transparent, ABC.AZ reports, citing Deputy Economy Minister Sahib Alakbarov.

Work starts on 73 investment projects in Azerbaijan's liberated regions

The Ministry of Economy of Azerbaijan received more than 1,400 applications to engage in entrepreneurial activity in our liberated regions.

A citizen of Belarus sets up a company in Azerbaijan with capital of AZN 50,000

On March 16, 2023, the State Tax Service registered Kronospan Azerbaijan LLC (TIN:1506313761).

Region's largest exhibition once again brings  professionals of the sector together 

A new company worth half a million dollars created in Baku

On March 15, 2023, the State Tax Service registered Amocs Azerbaijan LLC (TIN: 1703547441).

A hospital with equity capital of AZN 100,000 created in Siyazan

The State Tax Service registered Green Hospital LLC on March 27, 2023 (TIN:7100654231).

Israeli company’s subsidiary established in Azerbaijan

A subsidiary of Amdocs, registered in Israel, has been established in Azerbaijan.

Netflix is no longer the most viewed platform - Amazon Prime Video has overtaken it

Speaking about digital content platform, the first thing that comes to mind is Netflix. Thus, companies competing with the platform, which introduce innovations in watching movies and TV series on the Internet, have already outstripped it.

Company with authorized capital of $100,000 established in Azerbaijan

The State Tax Service registered Uklon Azərbaycan LLC (TIN: 1406338961) on 7 February 2023.

List of world’s most valuable companies

LVMH, Europe’s largest company by market value, has now made it to the world’s top 10.

EDF’s net profit decreased more than by 12%

The Entrepreneurship Development Fund completed 2022 with net profit of AZN 15.509 million (12.3% less than in 2021)