The Ministry of Industry of France intends to assist Azerbaijan with the launch of low-orbit satellites, and even with the development of the local aerospace industry.
As noted at the meeting of the Minister of Communications and Information Technologies Ali Abbasov with French Ambassador to Azerbaijan Pascal Monnier, for this will be amended in the "Agreement on Cooperation in the field of innovation," signed two years ago. Amendments will be made next year, said in a statement the Ministry of Communications.
Abbasov and Monier also discussed the issue of the second French-Azerbaijani ICT Forum.
According to the minister, the launch in February 2013 of the first telecommunications satellite of Azerbaijan (Azerspace) with missiles - French media company "Ariane Space" from the spaceport at Kourou island in Guiana (South America), will provide the basis for new areas of cooperation. - 17D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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