Over 85 percent of investments in Nakhchivan Autonomous Republic fall on construction sector
Azerbaijan, Baku, June 4 / Trend S. Babayeva /
Investments in the Nakhchivan Autonomous Republic increased 43.2 percent and hit 92.9 million manat in January-April compared to the same period of 2008, permanent representation of the Nakhchivan Autonomous Republic in Baku said.
Roughly 79.5 million manat was spent on construction operations in the Nakhchivan Autonomous Republic within four months. This index is 47.8 percent more than in 2008. Volume of investments in construction sector hits 85.7 percent of all investments in the Nakhchivan Autonomous Republic.
Roughly 39.1 million manat of these investments were directed to fulfillment of operations in new buildings, 20.4 million manat on capital repair, 2.2 million manat on current repair, 4.8 million manat on other construction operations.
On June 3, the official exchange rate is 0.8034 to $1.
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