Launch of "Azercosmos" to facilitate Azerbaijan's entrance to international cosmic market

Azerbaijani President Ilham Aliyev's decree to launch Azerkosmos JSC under the Communications and IT Ministry will facilitate Azerbaijan's enterance to the international space market," Minister of Communications and IT Ali Abbasov said.

He said that launch of the company has two objectives. The first is to lay the groundwork for formation and use of outer space for peaceful purposes. The second goal is the use of outer space for commercial purposes.

Under the presidential order, the Azerbaijani Cabinet of Ministers must approve the charter and structure of public companies within two months.

The Ministry of Communications and IT deals with establishment of a board to examine  scientific and technological achievements and excellence in the field of space activities, participation in the adoption of appropriate measures to implement the state policy in this area and prepare proposals concerning the development of the industry .

The agency is charged with establishing a special fund.


/Trend/