The international law firm Milbank, Tweed, Hadley & MCCloy became a legal consultant of Azerkosmos on the preparation and use of the satellite Azerispace-2.
According to the report of the JSC, the parties signed a contract to provide services in the amount of $ 300 thousand.
JSC Azerkosmos attracted legal consultant for the formation of contracts for sharing orbital position for the second telecommunications satellite Azerispace-2, satellite design and technical and other types of cooperation at the stage of its operation in orbit, as well as contracts for regulating the commercialization of satellite capacity.
As previously reported, the launch into orbit of the second telecommunications satellite Azerispace-2 is scheduled for 2017.
The first telecommunications satellite Azerispace-1 was launched on February 9, 2013 from Kourou (in northeastern South America in French Guiana).
JSC Azerkosmos expects to receive $ 420 million as net income from the operation of Azerspace-1. --17D-
Economics
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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A partnership of Azerbaijani companies has submitted an application to participate in the Italian government’s international tender for strategic assets in Italy, Turan reports.
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It is expected that the average Azerbaijani family will allocate a larger portion of their budget to food in 2025, driven by rising social expenditures and increased wages.
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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