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36% Increase in Investments to Azerbaijani Nakhchivan Autonomous Republic

Business Materials 4 July 2007 20:14 (UTC +04:00)

Azerbaijan, Baku / Trend corr S. Babayeva / During January-May AZN 56,603,200 was invested to Nakhchivan Autonomous Republic of Azerbaijan (NAR), what is by 36.3% more than in 2006, according to the permanent representation of NAR in Baku.

During this period amount of the investments put into building and assembly jobs increased by 50.5% comprising AZN 49,294,500, what makes 87.1% of the total amount of investments.

In January-May, construction enterprises of NAR carried out work at AZN 42,789,800, what is by 47.5% more that in 2006. Investments in new construction amounted to AZN 33,427,900, while AZN 6,232,400 was used for thorough repairs, AZN 1,893,800 for maintenance work.

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