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Azerbaijan invests more in regions: minister

Business Materials 23 February 2009 17:40 (UTC +04:00)
Azerbaijan invests more in regions: minister

Azerbaijan, Baku, Feb. 23 / Trend , N.Ismayilova, S.Aliyev/

The government's investments in Azerbaijani regions have increase sixfold in the past 5 years, Azerbaijani Economic Development Minister Shahin Mustafayev said at the Gulustan Palace at a conference on the outcomes of the government's socio-economic development program for 2004-2008 on Feb. 23.

"In 2008, state investments in regional development hit 3.9 billion manat - a sixfold increase from 2004," he said.

Regional development investments accounted for 83 percent of total state investments, he said.

"New enterprises were established in all the regions. A total of 27,500 enterprises were opened countrywide. Some 766,000 jobs were created with 80 percent in the regions," Mustafayev said.

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