Today.Az » Business » Domestic capital investment grows by 38%
28 November 2006 [11:48] - Today.Az
Over AZN 4 750.1m, 15% up from last year, was directed to capital investment in Azerbaijan during the period of January-October.
Private enterprises and organizations made capital investment of AZN 3 579.8m (75.4%) while state-run structures made AZN 1 170.3m (24.6%). Investment in construction grew by 9.5%, year-over-year, to AZN 2 408.3m. AZN 4 075.9m was invested in production enterprises and AZN 674.2m in non-production sector. The Cabinet told APA that the ratio of foreign investment used for capital investment to all the investment made in this period is 58%, and to domestic investment was 41.1%. The portion of domestic investment used for the capital investment grew by 38% during this period. Azerbaijan's State Budget for this year envisages AZN 884.3m for construction, of which AZN 555.3m has been used during this period.
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