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Azerbaijan posts 37% rise in fixed investment

19 September 2008 09:55 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. Through all the funding sources, the fixed investments made AZN 5 396.6 million in Azerbaijan during January-August, up 36.6% on the same period a year earlier.
The State Statistical Committee said the fixed investments by non-state enterprises and organizations made AZN 2 055.5 million (38.1%) and the fixed investments by state-owned units made AZN 3 341.1 million (61.9%).
Investments made in construction and reconstruction works rose 53.8% to AZN 3 410.6 million. AZN 4 069.3 million went to production-oriented projects and AZN 1 327.3 million to non-production projects.
Domestic investments exceeded foreign investment in the country during this period.
Domestic investment, 83.9% of which made by state-owned entities accounted for 70.9% of fixed capital investment during the eight months