Azercosmos reveals reasons of decline in export revenues

Processes in world economy, including inflation, have had a negative impact on all spheres of Azerbaijan's economy, including space industry, chairman of the Space Agency (Azercosmos) under the Ministry of Digital Development and Transport Samaddin Asadov said, commenting on the decline of export revenues of his structure.

"Our export revenues come from more than 300 customers from over 40 countries. In general, the revenues from satellites may both drop and increase in a separate year. This issue is linked with global economy and not only Azerbaijan or our region. In the coming years, we predict growth in revenues through satellite technologies," he said.