Bank Of Baku

Azerbaijan posts a 19% drop in fixed investments

Azerbaijan posts a 19% drop in fixed investments
# 18 December 2009 06:52 (UTC +04:00)
Baku. Nijat Mustafayev – APA-ECONOMICS. Through all the funding sources, the fixed investments made AZN 6 444.4 million in Azerbaijan during January-November, down 18.8% from the same period a year ago.

The State Statistical Committee said investments made in construction and reconstruction works reached AZN 4 461.8 billion or 69.2% of the total investments. Of this, the fixed investments by non-state enterprises and organizations made AZN 2 642.4 million and the fixed investments by state-owned units made AZN 3 802 million.

AZN 4 851.9 million went to production-oriented projects and AZN 1 592.5 billion to non-production projects.

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

Domestic investment, 69.3% of which were made by state-owned entities, accounted for 80.1% of fixed capital investment during January-November.
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