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Azerbaijan posts a slight rise in fixed investments

Azerbaijan posts a slight rise in fixed investments

18 June 2009 12:35 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-ECONOMICS. Through all the funding sources, the fixed investments made AZN 2 698.6 million in Azerbaijan during January-May, up 0.4% on the same period a year ago.

The State Statistical Committee said the fixed investments by non-state enterprises and organizations made AZN 865.3 million and the fixed investments by state-owned units made AZN 1 833.3 million.

Investments made in construction and reconstruction works rose by 21% year-on-year to AZN 1 870.7 million. AZN 2 136.8 million went to production-oriented projects and AZN 561.8 million to non-production projects.

Domestic investments far exceeded foreign investment in the country during this period.

Domestic investment, 78.3% of which made by state-owned entities, accounted for 82.8% of fixed capital investment during January-May.

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