16:37 - 26.05.2023

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May 26, Fineko/abc.az. Total investments in fixed assets in the development of the Karabakh and Eastern Zangezur economic regions of Azerbaijan in the 1st quarter of 2023 amounted to AZN 1.13 bn (over $665 million at the current exchange rate).

ABC.AZ reports that this is 3.1-fold more versus Jan-Mar 2022.

Investments in the Karabakh Economic Region in the reporting period amounted to AZN 466.5 million (13.2% of all investments in fixed assets in Azerbaijan for Jan-Mar 2023), including AZN 460.8 million for construction and installation work. At that, capital investments in the Karabakh Economic Region for Jan-Mar 2023 increased 2.9-fold against Jan-Mar 2022, in construction and installation works - 3.2-fold.

The largest volume of capital investments was invested in Fuzuli district – AZN 235.36 million (50.5% of all investments in Karabakh), which is 2.5-fold more than for Jan-Mar 2022. Investments in Shusha district totaled AZN 110.9 million, Agdam district – AZN 66.15 million.