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Investments into Azerbaijan Construction Sector 60% Up

Business Materials 17 November 2008 17:25 (UTC +04:00)

Azerbaijan, Baku, 17 November / Trend , corr. S.Babayeva/ In January-October 2008, totally AZN 2.9bln was spent for construction works, which exceeds the expenses in the sphere by 63.5% compared to the same period in 2007, the State Statistic Committee reported on 17 November.

The share of state enterprises totaled AZN 769mln and private organizations - AZN 2121.1mln.

A total of AZN 2226.1mln (76.8%) fell on new constructed buildings, reconstruction works; AZN 404.7mln (13.9%) - major repairs; AZN124.3mln (4.3%) - current repair; AZN 144.8mln (5%) - other construction works.

On 17 November, the official currency rate is 0.8098 AZN/USD.

The correspondent can be contacted at: [email protected]

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