Causes of decline of Azerkosmos revenues named

01.12.2022,14:51


December 1, Fineko/abc.az. The processes in the global economy, including inflation, have had negative impact on all spheres of the Azerbaijani economy, including the space industry, ABC.AZ reports, citing Sameddin Asadov, chairman of board of Azerkosmos under the Ministry of Digital Development & Transport, when commenting on the decline in space agency’s export revenues.

"Our export revenues come from more than 300 customers from over 40 countries. As a whole, satellite revenues may decrease or increase in a particular year. This issue is linked with the global economy, and not only with Azerbaijan or our region. In the coming years, we forecast revenue growth due to satellite technologies," Asadov emphasized.