This week finished the filling of the rocket Ariane 5 (produced by the French company Arianspace) at Kourou (Guiana Space Centre), which will orbit Azerbaijani satellite Azerspace/Africasat-1.
According to officials of Azerkosmos, the satellite is at the launch site in the north-eastern part of South America (French Guiana). Launch will take place on the specified data, on the night of 7 to 8 February.
Before February 1 will be given in full technical readiness main satellite control center, located in the village Guzdek in the Garadagh district of the capital.
Already completed is construction of a backup satellite control center in the village Nahyadzhir in the Julfa district of the Nakhchivan Autonomous Republic.
The satellite will be launched into a geostationary orbit at 46 degrees east longitude, leased from Malaysia's Measat Satellite Systems, owned by the Government of Malaysia. In the service area will Azerspace Eastern Europe, the Caucasus, Central Asia and North Africa.
Manufacturer of Azerspace is the company Orbital Sciences Corporation (USA). The satellite is designed to provide digital broadcasting, Internet access, data transmission, creation of multi-service networks VSAT, as well as for government communications. - 17D-
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- Economics
- 28 January 2013 18:10
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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