Azerbaijan State Investment Program for 2008 to be introduced to the government soon

Azerbaijan State Investment Program for 2008 to be introduced to the government soon
# 07 September 2007 13:08 (UTC +04:00)
Azerbaijan Economic Development Ministry will submit the Draft Program for State Investment in 2008 to the Government in the nearest future, said the country’s minister Heydar Babayev.
“We plan to submit the draft to the Cabinet of Ministers soon. Our target is to address all the financing-related matters in the program,” he added.
He added that the amount of investments will grow in Azerbaijan in 2008 while it is impossible to keep up the capital investment at annual twice or triple growth as before.
“According to the predictions for 2008, the amount of the investments and state budget will increase,” he added.
In 2006 investments grew 14.8%, year-over-year, to AZN 5.96 billion, of which AZN 3.23 was foreign investment. /APA-Economics/

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