Azerbaijan posts 38% rise in fixed investment

Azerbaijan posts 38% rise in fixed investment
# 18 November 2008 15:06 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Through all the funding sources, the fixed investments made AZN 7 171.3 million in Azerbaijan during January-October, up 38.4% on the same period a year earlier.
The State Statistical Committee said the fixed investments by non-state enterprises and organizations made AZN 2 796.8 million (39%) and the fixed investments by state-owned units made AZN 4 374.5 million (61%).
Investments made in construction and reconstruction works rose 55.6% to AZN 4 544.7 million. AZN 5 366.4 million went to production-oriented projects and AZN 1 804.9 million to non-production projects.
Domestic investments exceeded foreign investment in the country during this period.
Domestic investment, 79.8% of which made by state-owned entities, accounted for 73.9% of fixed capital investment during the ten months
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