Bank Of Baku

Azerbaijan posts 34% rise in fixed investment

Azerbaijan posts 34% rise in fixed investment
# 21 January 2009 08:44 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. Through all the funding sources, the fixed investments made AZN 9 073.6 million in Azerbaijan during 2008, up 34.3% on a year ago.
The State Statistical Committee said the fixed investments by non-state enterprises and organizations made AZN 3 396.2 million (37.4%) and the fixed investments by state-owned units made AZN 5 677.4 million (62.66%).
Investments made in construction and reconstruction works rose 56.7% to AZN 5 620.4 million. AZN 6 519.2 million went to production-oriented projects and AZN 2 554.4 million to non-production projects.
Domestic investments exceeded foreign investment in the country during this period.
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