KOBIA chairman: Entrepreneurs face difficulties in returning part of declared value

Entrepreneurs must ensure transfer of funds in exchange for goods exported through consignment to their accounts in an authorized bank of Azerbaijan for an appropriate period from the date of their announcement.

One more foreign company leaves Azerbaijani market

Another foreign company is leaving the Azerbaijani market.

Azerbaijan signs documents with this country

Provisions on creation of clusters of SMEs defined

President Ilham Aliyev has signed a decree approving "Model regulations on clusters of micro, small and medium-sized businesses".

Only these companies to be in Alat Free Economic Zone

Only those companies that will export at least 75% of their products abroad will be able to work in the Alat Free Economic Zone.

60 Swiss companies operate in Azerbaijan

Musk has lost 1st place in list of world’s richest people

Elon Musk lost the 1st place in the Real Time Billionaires ranking compiled by Forbes magazine to Louis Vuitton President Moet Hennessy (LVMH) Bernard Arnault and his family.

Currently, there are 1.168 million entrepreneurs in Azerbaijan

Currently, the private sector participates in formation of 85% of Azerbaijan's GDP, which is quite a large figure

Volume of loans given to SMEs increased by 19%

Compared with early 2022, the volume of loans given to small and medium-sized entrepreneurs in Azerbaijan increased by 19% up to AZN 5.3 bn.

Fines in field of entrepreneurship increased to 3,000 manats

Fines for violating the legislation on regulation of inspections in the field of entrepreneurship and protecting the interests of entrepreneurs in Azerbaijan are doubling.

Single register of micro, small and medium-sized businesses to be created

Milli Majlis endorsed Law on development of micro, small & medium-sized businesses

The parliamentarians approved in the 3rd reading the Bill on development of micro, small & medium-sized enterprises.

Crocus brand to be removed from name of Agalarov’s companies in Azerbaijan

Crocus brand is removed from the name of Azerbaijani companies of the family of Azerbaijani millionaire Araz Agalarov, who lives in Russia.

Minister: Share of SMEs in nonoil exports reached 59.8% by end of 2021

In Azerbaijan, 99.6% of enterprises are subjects of micro, small and medium-sized enterprises.

Apple almost stops advertising on Twitter - Elon Musk

The new owner of Twitter, Elon Musk, has declared “war" on American technology giant Apple.

Orkhan Mammadov: SMEs created over 70% of total products and services in agricultural sector

More than 70% of the total value of goods and services produced in the agricultural sector was created by SMEs, and businesses from this category invested up to 190 million manats ($111.8 million) in fixed capital in the sector this year.

Concessional loans for AZN 4.3 million given to female entrepreneurs in 2021

The volume of concessional loans given to 375 women entrepreneurs working in agriculture of Azerbaijan reached AZN 4.26 million in 2021.

Nearly 20% of entrepreneurs in Azerbaijan are women

About 20% of Azerbaijani entrepreneurs are women. But when the Association of Entrepreneurs of Azerbaijan was established, this number was few-fold less.

A company with equity capital of AZN 200,000 created

The State Tax Service registered Roadstone Logistics LLC in September.

Jeff Bezos: U.S. approaches to recession

Gemiqaya Holding’s two companies reduce their authorized capital

Two companies of Gemiqaya Holding have reduced their authorized capital.