Investments in Nakhchivan Autonomous Republic of Azerbaijan Doubled
Azerbaijan, Baku / corr Trend S.Babayeva / In the first quarter of 2007, the investments in the Nakhchivan Autonomous Republic (NAR) of Azerbaijan have totaled AZN 30,120,800, double that of 2006.
The permanent representation of NAR in Baku reported that in this period investments in the conduction and assembly work increased 2.6 times and comprised of AZN 27,118,000. The figure is equal to 90% of all investments.
From January to March, NAR enterprises carried out work to the equaling to the amount of AZN 22,787,800, which is 2.5 times more than 2006.
AZN 19,265,400 (84.5%) was directed at the construction, reconstruction and restoration work, AZN 2,440,800 manats (37%) at overhaul, AZN 250,800 (1.1%) and others.