Azerbaijan posts a 15% drop in fixed investments

Azerbaijan posts a 15% drop in fixed investments
# 17 September 2009 09:25 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. Through all the funding sources, the fixed investments made AZN 4 562.5 million in Azerbaijan during January-August, down 15.3% on the same period a year ago.

The State Statistical Committee said the fixed investments by non-state enterprises and organizations made AZN 1 778.8 million and the fixed investments by state-owned units made AZN 2 783.7 million.

Investments made in construction and reconstruction works reached AZN 3.215 billion. AZN 3 547.5 million went to production-oriented projects and AZN 1.015 billion to non-production projects.


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

Domestic investment, 70.3% of which were made by state-owned entities, accounted for 82.1% of fixed capital investment during January-August.
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