Azerbaijan Increases Construction Investments 50% in 2007
Azerbaijan, Baku, 19 January / Trend corr S. Babayeva / In В 2007, a total of AZN 2.445bln was spent for construction in Azerbaijan, which is by 49.6% more than in 2006, the State Statistics Committee reported.
State enterprises put AZN 687.4mln into construction, and private enterprises - AZN 1.757bln.
AZN 1.845bln was put for construction of new buildings, AZN 343.4mln for overhaul repair, AZN 122.6mln for maintenance work, AZN 133.4mln for other work.
In January to November 2007, the nominal average monthly wages of the workers in construction sites comprised AZN 385.3, which is by 10.5% more than in 2006. The wages of large and middle-scale construction sites made up AZN 457.2.