Bank Of Baku

Azerbaijan increases machine and equipment production by 14%

Azerbaijan increases machine and equipment production by 14%
# 30 November 2011 13:31 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. In January-October, 2011, the production of machine and equipments, transport facilities, automobiles was upper AZN 141.2 mln or 13.9% than previous year.

State Statistical Committee says production of machine and equipment rose 18.2%, automobile – 12.3%: “In January-October, 2011, 632 Lorries, and 352 Lifan cars were produced in Azerbaijan, up 17.7% and down 18% from a year earlier”.

As of November 1, 2011, AZN 30.5 mln-finished products remained in the storehouses of these enterprises, up 28.2% in comparison to a year ago.
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