BAKU, Azerbaijan, August 6. Additional funds will be allocated from Azerbaijan's state budget for the launch of the Azеrsky-2 satellite, Trend reports.
Funds amounting to 297.5 million manat ($175 million) will be allocated from the state budget for 2023 to increase Azerbaijan's share in the authorized capital of international investment and development funds, as well as the authorized capital of Azercosmos OJSC.
Azercosmos Space Agency of Azerbaijan has installed a 7.3-meter-high ground station antenna (S/X band) of the Chinese Emposat company in Baku.
The unique and advantageous location of the ground station, which has a large area and currently operates with more than 15 antennas, opens up opportunities for the installation of business infrastructures of global companies in Azerbaijan.
Emposat will be presented at the 74th International Astronautical Congress in Baku in October 2023.
More than 1.17 million households are covered by fiber-optic internet based on GPON technology in Azerbaijan.
Azerbaijan's Minister of Digital Development and Transport Rashad Nabiyev and the Chairman of the Board of Directors of the Italian Leonardo company Stefano Pontecorvo mulled cooperation prospects.
The parties explored potential cooperation in the areas of cybersecurity, space activities, and transportation.
Leonardo is Italy's largest defense product manufacturing company. The company also possesses civil technologies, including technologies for smart cities, artificial satellite production, aerospace services, and urban transport system management.
State Oil Company of the Republic of Azerbaijan (SOCAR) and Microsoft have signed a memorandum of understanding.
Under the agreement, cooperation in the areas of digitalization, innovation, improvement of information technology infrastructure, human capital development, as well as exploration, production, processing, marketing, transport, and cybersecurity is planned. Therefore, the parties will create a favorable basis for the creation of an innovative center of excellence.
SOCAR and the CISCO Systems Inc have previously reached an agreement on cooperation in the field of digital transformation, network solutions and software for the introduction of new technologies.
Cooperation provides for the implementation of projects between the parties in the areas of technological infrastructure, secure digital transformation, sustainable IT systems, as well as creating a convenient user experience.