The Vice-President of the Government announced in Ponta Delgada that public investment in the Azores registered, up to July, a growth of 16 percent in comparison with the same period in the previous year.
 
"In fact, public investment registered by the Region in the first seven months increased 16 percent over the same period last year," stressed Sérgio Ávila. Moreover, he stressed that this "increase in public investment injected into the Azorean economy 30.7 million Euros more in comparison with the same period last year."
 
For the Vice-President, "this growth reveals the efforts undertaken by the Regional Government to increase public investment as a contribution towards the consolidation of economic recovery in the Region."
 
According to him, the consolidation of economic recovery of the Azores is based on four essential vectors, namely "the growth of private investment, the increase of exports, the promotion of domestic consumption and the increase of public investment."
 
"Taking into account the most recent data, the Region has consolidated its economic growth, entering a new a cycle of development that has boosted employment growth, wealth generation, production and productivity," stressed the Vice-President of the Government.
 
According to Sérgio Ávila, "private investment has grown significantly, exports have increased, and domestic consumption has grown as well as public investment. The data revealed and announced have also provided a very important contribution to the consolidation of economic growth in the Azores, the opening of this new cycle of development, the creation of more and better jobs, and to the generation of wealth in the Region."