The investment in the Azores increased 11.5% in November compared to the same period of last year, reaching 358.2 million Euros.
"The public investment carried out in the Region rose to 358.2 million euros, registering in November an implementation rate of 70.3%, i.e., a growth of 8.2 percentage points in comparison with the same period of the previous year," said the Vice-President of the Government.
For Sérgio Ávila, this evolution points out that public investment may grow over last year's figures by January 31, 2019, the date when the implementation of the 2018 Investment Plan is concluded.
"This growth evidences the Regional Government's work towards the implementation of public investment as a contribution to the consolidation of economic recovery in the Azores," said the government official. In this regard, he added that "the strategy followed is only possible because the Region has managed its public finances in a responsible, rigorous and careful manner."
The Vice-President stressed that the November implementation rate, through public investment, "represents an injection of 36.9 million Euros more into the Azorean economy over the same period of last year."
"Given these and other data that have been released, the Region has strengthened the growth of its economy by boosting a cycle of economic development, with positive impacts on the generation of added value and the creation of more and better jobs," said Sérgio Ávila.