business
A tax return filing extension does not automatically extend the payment deadline
The State Tax Service clarified the distinction for income and profit tax returns. An electronic filing-extension request is not a payment deferral.
Azerbaijan proposes halving interest on overdue tax payments
The proposal concerns interest charged for days of delay. The announcement does not provide for cancelling the underlying tax debt.
Yelo Bank Launches Microcredit for Entrepreneurs at 10% Annual Interest
Yelo Bank offers entrepreneurs microcredits up to 100,000 manats at rates from 10% per annum for up to 48 months. The loan can be obtained without commission and with a grace period of up to 12 months.
AI Errors Emerge as a New Risk for Auditing and Business
A study by international authors has found that commercial language models can exhibit "functional deception," creating new operational risks for companies and prompting a rethink of AI auditing and control.
VAT in 2026: High Rates Don't Hinder Economic Growth
In 2026, VAT remains a key source of budget revenue in more than 170 countries. Hungary has the highest standard rate at 27%, but the tax level does not determine investment attractiveness.
A startup needs its first customer: why a grant alone is not enough
Development funding does not guarantee a market. WIPO’s report explains why science-based ventures can stall between successful testing and repeat orders—and offers a framework relevant to Azerbaijan.
AI is changing regional businesses. Which tasks should come first?
Banks, retailers and producers in the region are integrating AI into everyday work. World Bank case studies show where value appears—and why another firm’s savings cannot be promised to your own.
Number of Active Enterprises in Uzbekistan Reaches 601,276
As of August 1, 2026, the number of active enterprises and organizations in Uzbekistan reached 601,276, reflecting continued expansion of the country's entrepreneurial base and recovery in business activity.
Azerbaijan Introduces Limits on Card Top-Ups, with Exceptions for Business Cards
New rules restrict funds received on bank cards, but entrepreneurs with Birbank Sahibkar and Birbank Biznes cards are exempt from these restrictions.
Baku Business Location Analysis: Where to Open and Where Not To
Choosing a location in Baku is a key factor for business survival. Analysis shows which areas suit different types of enterprises.
Yelo Bank Offers Microcredits up to 100,000 AZN for Individual Entrepreneurs
Yelo Bank expands micro-business financing options, offering microcredits up to 100,000 AZN from 10% per annum with a grace period of up to 12 months.
Azerbaijan and China Discuss Development of Business Ties
Azerbaijan's Economy Minister Mikayil Jabbarov met with a representative of Chinese company Xinjiang Joinworld to discuss prospects for joint projects.
Yelo Bank Launches Online Tender Guarantees Without Collateral
Yelo Bank now allows legal entities and individual entrepreneurs to obtain tender guarantees up to 5,000 manats fully online, without collateral or property valuation.
Kazakhstan Aims to Reduce Shadow Economy to 13.8% of GDP by 2028
The Kazakh government approved a plan to cut the shadow economy from 16.7% in 2025 to 13.8% by 2028 through digitalization and AI.
Digital Transformation in Azerbaijan: From Fragmented Services to a Unified Ecosystem
Azerbaijan enters a new phase of digital transformation, moving from digitizing individual government services to building a unified digital ecosystem where citizens access the state as easily as any modern online service.
All Tax Services Now Accessible with SİMA İmza
SİMA simplifies access to electronic tax services, offering a modern solution for entrepreneurs and legal entities.
PR Worth $1.75 Trillion: How Musk Convinced the World to Invest in the Century's Biggest Gamble
SpaceX's Nasdaq debut valued the company at $1.75 trillion, making Elon Musk the world's first potential trillionaire. But critics warn of a looming crash.