BAKU, Azerbaijan, Nov. 26
By Zeyni Jafarov – Trend:
Some 859.2 million manat ($505.4 million) was allocated from all financial sources in Azerbaijan’s Nakhchivan Autonomous Republic to the fixed assets from January through October 2020 as part of investments, Trend reports with reference to the report of the State Statistics Committee of the Nakhchivan Autonomous Republic.
This indicator shows an increase compared to the same period of the previous year by one percent.
The main share, namely 94.4 percent or 810.7 million manat ($476.9 million) from the funds allocated to the fixed assets, accounted for the share of construction and installation work, the State Statistics Committee of the Nakhchivan Autonomous Republic said.
The total volume of investments in the Azerbaijani economy from January through October 2020, having decreased by 3.8 percent, amounted to 10.4 billion manat ($6.1 billion).
The funds from enterprises and organizations prevailed in the distribution of funds allocated to the fixed assets upon financial sources.
So, the share of funds of enterprises and organizations amounted to 59.9 percent over the past nine months of this year compared to 57.5 percent in the same period of last year.
-----
Follow the author on Twitter: @jafarov_zeyni