Over AZN 4 bn invested in fixed assets for past half of 2020


August 10, Fineko/abc.az. For the first 6 months of 2020 all the financial sources directed AZN 4.62 bn of fixed capital for the development of the economic and social spheres of Baku, or by 3.7% more against the 2019 same term.

ABC.AZ reports with reference to the Baku City Statistics Department that AZN 1.87 bn (46.1% of the funds allocated for fixed assets) were directed directly for construction and installation works. For Jan-Jun of this year 65.3% of construction works performed by building companies were construction, reconstruction and expansion, 7% - major repairs, 5.4% - current repairs, 22.3% - other construction works. 85.9% of the total construction work was fulfilled by non-state construction companies.