The State Securities Committee (SSC) has registered the issue prospectus of ordinary registered uncertified shares of Azerkosmos totaling 23.6 million manat.
According to the official information, the issue includes 1,180,530 shares at par value of 20 manat. After placement of securities the authorized capital of the governmental structure will increase from 63,610,600 to 87,221,200 manat.
Azerkosmos JSC was established in accordance with the order of the President of Azerbaijan on 03 May 2010 in order to launch into orbit a telecommunications satellite, and provide the management and implementation of operational works. The shares are state-owned.
The satellite operator of Azerbaijan provides digital television services, data transmission, and creation of multiservice networks VSAT through the use of telecommunications satellite Azerspace / Africasat-1a.
Launch of the first satellite of Azerbaijan was carried out on 8 February 2013. The satellite is located at the orbital position of 46 degrees east longitude. The service area Azerspace / Africasat-1a includes countries of Europe, the Caucasus, Central Asia, Middle East and Africa. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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