Azerbaijan posts 5% year-on-year rise in fixed investment

Azerbaijan posts 5% year-on-year rise in fixed investment
# 21 May 2009 08:23 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. Through all the funding sources, the fixed investments made AZN 2 159.1 million in Azerbaijan during January-April, up 5.2% on the same period a year ago.

The State Statistical Committee said the fixed investments by non-state enterprises and organizations made AZN 668.2 million (30.9%) and the fixed investments by state-owned units made AZN 1 490.9 million (69.1%).

Investments made in construction and reconstruction works rose by 29% year-on-year to AZN 1 505.3 million. AZN 1 765.4billion went to production-oriented projects and AZN 393.7 million to non-production projects.

Domestic investments far exceeded foreign investment in the country during this period.

Domestic investment, 81.4% of which made by state-owned entities, accounted for 82.5% of fixed capital investment during January-April.
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