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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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