Volume of construction operations decreases in Azerbaijan

Baku, Azerbaijan, April 16

By Anvar Mammadov - Trend:

The construction work decreased by 5.5 percent and hit 1.515 billion manat in Azerbaijan in January-March 2015 compared to the same period of 2014, the Azerbaijani State Statistics Committee said.

Some 61.9 percent of the total volume of construction work accounted for primary construction, reconstruction and expansion, 17.8 percent - overhaul, 6.2 percent - current repair and 14.1 percent - other construction work.

According to the Azerbaijani State Statistics Committee, around 151,600 square meters of housing were commissioned in March compared to 150,800 square meters in the same period of 2014.

Around 415,400 square meters of housing have been commissioned since early 2015 or by 10.9 percent more than in the same period of 2014.

As of January-February 2015, around 96,200 were involved in the construction sector. The average monthly salary in the construction sector amounted to 655.8 manat, which is 6.6 percent more than in the same period of 2014. The average monthly salary in the state sector amounted to 468.4 manat (5.9 percent decrease during a year), in the private sector - 723.7 manat (8.2 percent growth).

The level of salary in the construction of buildings decreased by six percent - an average of 522.8 manat, specialized construction increased by 32.5 percent - up to 1.181 manat, civil construction work increased by two percent - to 478 manat in January-February 2015 compared to the same period of 2014.

The official exchange rate is 1.0511 AZN/USD on April 16.

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