In the first Punisher this year the volume of investments in fixed assets in Azerbaijan amounted to AZN 2.9 bn. This is a 36.1% increase over the comparable period in 2012. The share of the state budget is AZN 1.9 bn of investment, accounting for 65.5% of the investment in the construction sector during this period, the State Statistics Committee told Turan.
In January-March 2013 from domestic sources was financed 68.2% of construction activity.
Investments in non-oil sector amounted to 1 823 million manat, which is 34% higher than the figure for the same period in 2012.
More than half (56.4%) of expenditure was in the sphere of production. It was commissioned in several industrial and agricultural enterprises. Also taken into operation was housing a total area of 370 thousand square meters, several secondary schools and pre-schools, club, health center and other social facilities.
Practice shows that in practice the cost of all the projects, which are sent to the Agency, is greatly exaggerated. Much of the investment money goes into the pockets of high officials of all levels. - 08D-
Economics
-
Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
-
On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
Leave a review