The Cabinet of Ministers of Azerbaijan has registered the capital of JSC Azerkosmos that increased from 40 million to 63,610,600 manat.
As stated in the text of the Decision on Amending the charter Azerkosmos (approved on 23 December 2010), published the day before, the number of shares of the satellite operator with par value of AZN 20 increased from 2.18 million to 3.53 million.
Azerkosmos JSC was established in accordance with the presidential decree of May 3, 2010 in order to launch into orbit telecommunications satellites, management and implementation of maintenance activities. All shares are state-owned JSC.
Launch of the first satellite of Azerbaijan carried out on the night of February 9 last year. The satellite is located at the orbital position of 46 degrees east longitude. In the service area Azerspace / Africasat-1a includes the countries of Europe, the Caucasus, Central Asia, Middle East and Africa. --17D-
Economics
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
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Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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