Follow us:
  • Facebook
  • Twitter
  • Google+
  • AppStore
  • RSS
Azernews.Az
Monday January 18 2021
  • Latest
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel
Home
  • Home
  • Nation
  • World
  • Business
  • Oil & Gas
  • Armenian Aggression
  • Nagorno-karabakh conflict
  • Editorial
  • Analysis
  • Lifestyle
  • Events
  • Healthcare
  • Culture
  • Sports
  • Travel

Large-scale work in Azerbaijan's liberated territories to develop construction sector

14 January 2021 10:52 (UTC+04:00)
816

By Trend

Significant growth in the performance of the construction sector in Azerbaijan is expected in 2021, Acting Director of the Research Institute of Economic Reforms under the Ministry of Economy Arzu Huseynova told Trend on Jan.13.

According to Huseynova, this year large-scale construction work is expected in a large territory of the country.

"The process of moving internally displaced persons to their lands will involve a large amount of work in the construction sector,” she emphasized. “There are enough construction companies in the country that can be attracted to work on these lands after they are cleared from mines and other dangerous items. Azerbaijan is also interested in the active inflow of foreign direct investment and is ready to cooperate in this direction.”

Touching upon the topic of the state of the construction sector last year, the director noted that in 2020 the sector showed a certain stagnation.

"The decline in construction in our country is due to the impact of the coronavirus pandemic and quarantine. The limited labor force, which is a direct consequence of the coronavirus pandemic, has also negatively affected the construction industry. This year, all economic processes and investments will be directed to the restoration of the liberated (from Armenian occupation by Azerbaijan during the 44-day war from late Sept. through early Nov.2020) territories, to the growth of the construction sector," she summed up.

For 11 months of 2020, non-state construction companies completed 87.5 percent of the total volume of construction work in Baku. Some 65.8 percent of the work performed by construction enterprises accounted for construction, reconstruction, and expansion, 6.5 percent for major repairs, and 5.6 percent for current repairs.

--

Follow us on Twitter @AzerNewsAz  

  • #AZERBAIJANI MINISTRY OF ECONOMY
  • #ARZU HUSEYNOVA

Related News

Azerbaijani state service to auction off small enterprises

Azerbaijani state service to auction off small enterprises

29 December 2020 15:24
State Tax Service reveals data on financial aid for Azerbaijani entrepreneurs

State Tax Service reveals data on financial aid for Azerbaijani entrepreneurs

24 December 2020 19:00
Azerbaijan to auction over hundred state properties

Azerbaijan to auction over hundred state properties

20 December 2020 11:20
State Tax Service of Azerbaijan registers company to develop Karabakh oil and gas field

State Tax Service of Azerbaijan registers company to develop Karabakh oil and gas field

19 November 2020 11:43
Some Azerbaijani regional state properties privatized through auction

Some Azerbaijani regional state properties privatized through auction

18 November 2020 15:23
Azerbaijan revises benefits of social nature in Tax Code

Azerbaijan revises benefits of social nature in Tax Code

7 November 2020 13:14
Azerbaijan's state committee holds auction on property privatization

Azerbaijan's state committee holds auction on property privatization

4 November 2020 15:38
Azerbaijan holds auction on privatization of state-owned property

Azerbaijan holds auction on privatization of state-owned property

28 October 2020 17:35
Azerbaijani state service to put up state properties for auction

Azerbaijani state service to put up state properties for auction

20 October 2020 18:00
Economy Minister hails cooperation with Asian Development Bank <span class="color_red">[PHOTO]</span>

Economy Minister hails cooperation with Asian Development Bank [PHOTO]

25 September 2020 17:03
  • Latest
  • Popular
11:54 • National gymnasts awarded title of "Honorary Master of Sports"
11:32 • Azerbaijan’s electricity production hit 25.8bn kWh in 2020
11:17 • Carpet Museum displays works of eminent artist [PHOTO/VIDEO]
10:56 • Azerbaijan, Turkey to hold joint drills in Kars
10:36 • Azerbaijan, UK eye cooperation in mining industry
10:20 • Netflix produces film in Azerbaijan [VIDEO]
10:00 • National wrestler wins Grand Prix in France
17 January 17:10 • Azerbaijan discloses main principles of vaccination against COVID-19
17 January 16:50 • Turkic peoples to revive liberated Azerbaijani lands in spiritual and cultural field - TURKSOY Sec-Gen
17 January 16:37 • Joint exercises of the Azerbaijani and Turkish armies to be held [PHOTO/VIDEO]
17 January 16:18 • Azerbaijan confirms 845 more COVID-19 recoveries
17 January 15:54 • Call for prayer sounded for first time at cemetery in Azerbaijan’s Kalbajar district previously occupied by [VIDEO]
17 January 15:30 • Azerbaijan sends interstate statement against Armenia to European Court of Human Rights
17 January 15:14 • We are happy with Azerbaijan’s return of its ancestral lands - Turkic Culture and Heritage Foundation [PHOTO]
17 January 13:50 • Electricity supplies to Azerbaijan's liberated Shusha begin
17 January 13:35 • Delegation of Turkic Council and TURKSOY visit Aghdam [PHOTO]
17 January 13:11 • Azerbaijan approves COVID-19 vaccination strategy for 2021-2022
17 January 12:53 • SOCAR bonds will again bring their owners $1.25 million
17 January 12:37 • Turkey's investments in natural gas supply reach $3B in 18 years
17 January 12:10 • EU would like new EPCA to enhance bilateral relations in Central Asia
17 January 15:30 • Azerbaijan sends interstate statement against Armenia to European Court of Human Rights
17 January 15:54 • Call for prayer sounded for first time at cemetery in Azerbaijan’s Kalbajar district previously occupied by [VIDEO]
17 January 15:14 • We are happy with Azerbaijan’s return of its ancestral lands - Turkic Culture and Heritage Foundation [PHOTO]
17 January 12:53 • SOCAR bonds will again bring their owners $1.25 million
17 January 16:50 • Turkic peoples to revive liberated Azerbaijani lands in spiritual and cultural field - TURKSOY Sec-Gen
17 January 12:10 • EU would like new EPCA to enhance bilateral relations in Central Asia
17 January 12:37 • Turkey's investments in natural gas supply reach $3B in 18 years
17 January 17:10 • Azerbaijan discloses main principles of vaccination against COVID-19
17 January 13:11 • Azerbaijan approves COVID-19 vaccination strategy for 2021-2022
17 January 13:35 • Delegation of Turkic Council and TURKSOY visit Aghdam [PHOTO]
17 January 13:50 • Electricity supplies to Azerbaijan's liberated Shusha begin
17 January 16:37 • Joint exercises of the Azerbaijani and Turkish armies to be held [PHOTO/VIDEO]
17 January 16:18 • Azerbaijan confirms 845 more COVID-19 recoveries
10:56 • Azerbaijan, Turkey to hold joint drills in Kars
10:20 • Netflix produces film in Azerbaijan [VIDEO]
10:36 • Azerbaijan, UK eye cooperation in mining industry
10:00 • National wrestler wins Grand Prix in France
11:17 • Carpet Museum displays works of eminent artist [PHOTO/VIDEO]
11:32 • Azerbaijan’s electricity production hit 25.8bn kWh in 2020
11:54 • National gymnasts awarded title of "Honorary Master of Sports"
See more
AzerNews Newspaper
AzerNews
  • Facebook
  • Twitter
  • Google+
  • RSS

Information

About us Contacts Advertising Azernews In Print

News Archive

© 2021 AzerNews. All rights reserved