The date of launch of the first national satellite (AzerSat) of Azerbaijan has been determined. From February 6, next year the aircraft, owned by "Azerkosmos" and intended to provide satellite TV services and Internet access, will orbit the Earth.
In 2010, the Government of Azerbaijan signed with Malaysian Measat an agreement on sharing the point 46, as well as an agreement with the American company Orbital Science to create the satellite and the French Arianspace - on the startup.
On May 3, 2010 the President signed a decree on the establishment of the Closed Joint-Stock Company "Azerkosmos". Since then, the company has attracted foreign loans under state guarantee, built surface infrastructure. Supposedly, in 2015 the company will launch a second satellite. - 17D-
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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