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Azerbaijan posts 27% rise in fixed investment, Jan-Feb

Azerbaijan posts 27% rise in fixed investment, Jan-Feb

17 March 2009 09:49 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-ECONOMICS. Through all the funding sources, the fixed investments made AZN 1 104.5 million in Azerbaijan during January-February, up 27.2% on the same period a year ago.
The State Statistical Committee said the fixed investments by non-state enterprises and organizations made AZN 222.9 million (20.2%) and the fixed investments by state-owned units made AZN 881.6 million (79.8%).
Investments made in construction and reconstruction works rose by 83.1%, year-on-year, to AZN 828.8 million. AZN 1.004 billion went to production-oriented projects and AZN 100.5 million to non-production projects.
Domestic investments far exceeded foreign investment in the country during this period.
Domestic investment, 92.4% of which made by state-owned entities, accounted for 83.9% of fixed capital investment during the two months

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