Connect with us

AIC

Chinese automaker Geely to launch commercial satellites

Avatar

Published

on

Chinese carmaker Geely Holdings Group will launch commercial satellites in 2021, Report mentions, citing Xinhua.

China's State Development and Reform Commission has approved satellites' production at a plant owned by Geely Technology Group.

Thus, Geely will become the first carmaker in China to produce commercial spacecraft.

The first batch of equipment has already been delivered to the plant in Taizhou, in the eastern province of Zhejiang. Production is expected to begin in October this year. The design capacity of the plant will exceed 500 satellites per year.

The company has announced the creation an industrial chain covering the development, production, release, and spacecraft market applications.

Geely Holdings Group is a global automotive group with several well-known brands such as Geely Auto, LYNK & CO, Volvo Cars, Lotus Cars, Polestar, London Electric Vehicle Company (LEVC), and others. It has more than 52,000 employees.

Subscribe to our Twitter page

Continue Reading

AIC

President of Azerbaijan makes speech at virtual Summit of Economic Cooperation Organization

Avatar

Published

on

The 14th Summit of the Economic Cooperation Organization (ECO) is being virtually held.

Report informs, citing Azertag, that President of the Republic of Azerbaijan Ilham Aliyev made a speech at the meeting in a video format.

The meeting continues.

Subscribe to our Facebook page

Continue Reading

AIC

40 containers shipped from Uzbekistan to Turkey via BTK

Avatar

Published

on

ADY Container, a subsidiary of Azerbaijan Railways, continues to transport cargo from Central Asia to Turkey and Europe by rail through Azerbaijan, Report informs, citing the company.

Currently, there are ten containers on the way, heading from Tashkent, Uzbekistan, to Iskenderun, Turkey. Also, 30 containers are being transported from Bukhara, Uzbekistan, to Mersin, Turkey. Upon arrival at the port of Turkmenbashi, Turkmenistan, 40- and 45-foot containers will be loaded onto a feeder ship and delivered to the Baku port. Then the containers will be shipped to Turkey by the Baku-Tbilisi-Kars railway.

Another 15 containers sent from Bukhara are being transported to Bulgaria. After delivery from Turkmenbashi to Baku, these containers will be sent to one of Georgia’s Black Sea ports. From there, they will be shipped to Bulgaria by sea.

Seventeen containers with imported cargo will be delivered from Uzbekistan to Azerbaijan. The delivery station is Hajigabul.

Other 56 containers are expected to be transported by rail from Uzbekistan to Turkey and Europe shortly.

Subscribe to our Facebook page

Continue Reading

AIC

Central Bank of Turkey posts rise in currency reserves

Avatar

Published

on

Currency reserves of the Central Bank of Turkey rose $1.166 billion or 1.2% to $95.214 billion last week, Report informs, citing Turkish media.

According to the information, $40.719 billion of the currency reserves were gold reserves, up $535 million, or 1.3% from the previous week.

The reserves in different currencies increased by $631 million or 1.2% to $54.495 billion.

Subscribe to our Linkedin page

Continue Reading

Facebook

Trending