Volume of construction work in Azerbaijan increases 30 percent
The volume of construction work in Azerbaijan increased by 30.9 percent as of early November 2012 compared to the same period of last year, the State Statistics Committee said.
The volume of construction work carried out by private companies hit 75.4 percent of the total amount of work.
72.9 percent of the total volume of construction operations fell to the primary construction, reconstruction and expansion, 14 percent - capital repair, 2.3 percent - current repair, 10.8 percent - other construction work.
Around 91,600 were involved in the Azerbaijani construction sector in Jan.-Sept., nominal wages in the construction sector amounted to 562.6 manat, or 9.3 percent more than in the same period of last year. The salary in the state-owned companies amounted to 462.5 manat (with growth of 17.9 percent for the year), private companies - 624.9 manat (with growth of 3.3 percent).
Nominal wage amounted to 596 manat in large and medium construction companies. Wage level in the field of building construction increased by 1.9 percent to 538.6 manat, specialized construction - by 12.8 percent - up to 699.5 manat, in the field of civil construction work - 28.7 percent - up to 440.6 manat.
The official exchange rate is 0,7849 AZN/USD as of Nov. 24.
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