Today at 01:35 local time, Azerbaijan’s first national telecommunications satellite ‘Azerspace –1’ was launched from Kourou in French Guiana (South America). Launch vehicle Ariane-5 sent it into orbit.
As previously reported, the weight of the satellite is 3.2 tons. The satellite’s temporary position at 46 degrees East Longitude in geostationary orbit is leased from Malaysian operator MEASAT Satellite Systems. After completion of the seven-year process of conciliation with 30 countries of the world whose satellites will coexist with the Azerbaijani apparatus, it will be moved to their own positions - 43.2, 58.5 and 96 degrees East Longitude.
Corporation Orbital Sciences Corporation (USA) built the device for the government of Azerbaijan. According to the Minister of Communications and Information Technologies Ali Abbasov, 20% of the resources of the satellite will be used to meet the ICT needs of the country, while other resources will be available to foreign tenants.
After 7 years of operation, it will be self-sustaining. The 15-year life expectancy of the satellite is insured for $ 17 million. - 17D-
Economics
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The Cabinet of Ministers of Azerbaijan has approved a new Unified Tariff Schedule to determine the monthly salaries of public sector employees financed through the state budget. This decision, outlined in Decree No. 540, comes into effect on December 26, 2024, and is aimed at standardizing wages in the public sector.
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On December 27, Azerbaijani President Ilham Aliyev has signed a decree to dissolve the Azerbaijan Industrial Corporation (ASK) and transfer its key assets to the Azerbaijan Investment Holding (AIH), marking a significant step in streamlining the management of state-owned enterprises. The decision, effective immediately, aims to address regulatory issues and enhance operational efficiency.
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President Ilham Aliyev signed a decree on 27 Desember to implement the law on the 2025 State Social Protection Fund budget, setting forth measures to ensure the effective execution of the fund’s financial framework.
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Azerbaijani President Ilham Aliyev has issued a decree to implement amendments to the country’s Tax Code, approved by Parliament on December 16, 2024, under law number 98-VIIQD. The decree, published on Friday, is aimed at optimizing tax administration and strengthening the legal framework outlined in the revised legislation.
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