Azerbaijan’s 1Q fixed investments amount to AZN 1.18 billion

Azerbaijan’s 1Q fixed investments amount to AZN 1.18 billion
# 10 April 2007 09:13 (UTC +04:00)
Azerbaijan’s fixed asset investments for the first quarter totaled AZN 1.18 billion, including AZN 592 million in construction, the State Statistical Committee told APA-Economics.
The foreign capital accounted for 52.1% of the fixed investments. During this period production and social service facilities were rolled out within the scope of the regional development program and employment opportunities improved. Non-oil sector fixed capital investments jumped 37.7% year-on-year and the funding went 86.2% to construction of production facilities in the country.
A 104MWe multi-fuelled power plant and a bridge in Baku, several electronic telephone exchanges, 190,600 sq m residential building, an outpatient clinic were brought online.
The fixed assets investment came 80.4% from organizations and various institutions, 11.2% from the state budget, 2.4% from bank loans, 2.4% from savings and 3.6% from other sources. /APA-Economics/

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