LLC "Azerkosmos" plans to own till the end of the year an Earth observation satellite "SPOT 7" by the French company "Airbus Defense and Space", and start its commercial operation.
The work on an agreement "On strategic cooperation", which will be signed between these structures is at its final stage, according to the press release of the Ministry of Communications and high technology . The document provides for a distribution of profits from joint use satellites "SPOT 6" and "SPOT 7", training of local staff in the management, and marketing of satellite exports of modern technology and knowledge by the company "Airbus Defense and Space" in Azerbaijan, and other matters.
On June 30 this year the company “Airbus Defence and Space” launched a satellite into orbit "SPOT 7" in the frames of cooperation with Azerkosmos.
Memorandum of Mutual Understanding on Cooperation in the field of observation services between Azerkosmos LLC and Airbus Defense and Space was signed in Baku on May 12, 2014. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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