Management of LLC Azerkosmos will sign a long-term lease agreement with the International Telecommunications Satellite Organization Intelsat for 45.9% of the resources of the second national telecommunications satellite Azerspace-2.
According to the report the Ministry of Communications and High Technologies of Azerbaijan, after the talks an agreement was also signed on the use of satellite orbital position. The agreement of intent is ready and the agreement itself will be signed on these days. In addition, the grant awarded to LLC Azerkosmos by Agency on US Trade and Development (USTDA), helped to implement Feasibility Study (FS) and launch the satellite Azerspace-2, which is ready for consideration by the government.
Recall the launch into orbit of Azerispace-2 is scheduled for 2017. The telecommunications satellite Azerspace-1 was launched on February 9, 2013 from Kourou (in French Guiana). --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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