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Azerbaijan posts 15% year-on-year rise in fixed investment

24 April 2009 08:51 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-ECONOMICS. Through all the funding sources, the fixed investments made AZN 1 638.9 million in Azerbaijan during January-March, up 15.2% on the same period a year ago.
The State Statistical Committee said the fixed investments by non-state enterprises and organizations made AZN 458.8 million (28%) and the fixed investments by state-owned units made AZN 1 180.1 million (72%).
Investments made in construction and reconstruction works rose by 54.1% year-on-year to AZN 1 228.2 million. AZN 1 377.7 billion went to production-oriented projects and AZN 261.2 million to non-production projects.
Domestic investments far exceeded foreign investment in the country during this period.
Domestic investment, 82.8% of which made by state-owned entities, accounted for 84.5% of fixed capital investment during the first quarter.