Azerbaijan's Q1 fixed investments amount to AZN 1.18 billion

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