Azerbaijan posts 38% rise in fixed investment

Azerbaijan posts 38% rise in fixed investment
# 21 October 2008 09:57 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Through all the funding sources, the fixed investments made AZN 6 283 million in Azerbaijan during January-September, up 38% on the same period a year earlier.
The State Statistical Committee said the fixed investments by non-state enterprises and organizations made AZN 2 339.5 million (37.2%) and the fixed investments by state-owned units made AZN 3 943.5 million (62.8%).
Investments made in construction and reconstruction works rose 55% to AZN 4 089.3 million. AZN 4 715.6 million went to production-oriented projects and AZN 1 567.4 million to non-production projects.
Domestic investments exceeded foreign investment in the country during this period.
Domestic investment, 83.5% of which made by state-owned entities, accounted for 72.5% of fixed capital investment during the nine months
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