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Baku/30.12.22/Turan: "Starlink Azerbaijan" LLC, a subsidiary of American satellite Internet provider "Starlink", was registered in Baku on November 1.
According to the State Registry of Commercial Legal Entities, the company's office is located in "Azure Business Centre".
Senior director for "Starlink" business operations in SpaceX, Lauren Dreyer has been appointed manager of the company.
Note that "Starlink" is aiming for service in Azerbaijan starting in 2023.
It has to be kept in mind that the availability is dependent on regulatory approvals. Within each service area, orders are taken on a first-come, first-served basis. The company has started accepting orders and a deposit ($99) for "Starlink" booking.
Recall that "Starlink" provides high-speed broadband Internet access with low latency worldwide. President of "Azerbaijan Internet Forum NGO" Osman Gunduz positively evaluates the appearance of "Starlink" in Azerbaijan as an alternative source of access to the Internet.
In a conversation with Turan he pointed out that the experience of Ukraine and other countries has confirmed that "Starlink" is indispensable in crisis situations. When it comes to Azerbaijan, its services may be useful in the liberated from occupation areas, as in the civil and military purposes. -08B-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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