Azerbaijan Investment Program Endorsed with Plans of Expansion by July
OREANDA-NEWS. February 11, 2010. The assignment was given at the government’s session that summed up the results of 2009.
A government source says that on 30 January 2010 the Cabinet Ministers signed Decision #19 on approval of State Investment Program.
The Program envisages mainly financing of project remained since previous few years. But in mid-2010 the Program is to be expected,” the source said.
No other details were disclosed.
The Law on State Budget 2010 stipulates state investment expenditures in the amount of up to AZN 3.549 bn. In 2009, State Budget financed AZN 2.498 bn of investment expenditures against the target plan of AZN 4.718 bn.
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