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Real growth of investments projected at 17.3 percent in Azerbaijan in 2013

Business Materials 13 November 2012 18:22 (UTC +04:00)
The Azerbaijani government expects real growth of investments in the country at 17.3 percent in 2013, the draft state budget for 2013 and the next three years said on Monday. It is being considered by the Azerbaijani Parliament.
Real growth of investments projected at 17.3 percent in Azerbaijan in 2013

Azerbaijan, Baku, Nov. 13 / Trend A. Akhundov /

The Azerbaijani government expects real growth of investments in the country at 17.3 percent in 2013, the draft state budget for 2013 and the next three years said on Monday. It is being considered by the Azerbaijani Parliament.

The real growth was recorded at 21.2 percent in 2010, 27.3 percent in 2011. It is expected to reach 17.3 percent in 2012 as in 2013.

However, the government expects to reduce investments in Azerbaijan by 1.9 percent in 2014. Then it will be increased by 1.2 percent in 2015 and 0.9 percent in 2016.

The investments are expected to reach 15.218 billion manat in 2012, 18 billion manat in 2013, 17.672 billion manat in 2014, 17.932 billion manat in 2015, 18.189 billion manat in 2016.

It is expected that domestic investments will hit 11.148 billion manat in 2012, foreign investments - 4.07 billion manat, in 2013 - 12.79 billion and 5.215 billion manat, respectively, in 2014 - 12.337 billion and 5.335 billion manat, in 2015 - 12.523 billion manat and 5.409 billion manat, in 2016 - 12.695 billion manat and 5.494 billion manat.

The investments in oil and gas sector in 2012 are projected at 4.378 billion manat, in 2013 - 5.509 billion manat, in 2014 - 5.553 billion manat, in 2015 - 5.442 billion manat, in 2016 - 5.396 billion manat. Accordingly, the investments in other sectors in 2012 will amount to 10.84 billion manat, in 2013 - 12.492 billion manat, in 2014 - 12.139 billion manat, in 2015 - 12.489 billion manat, in 2016 - 12.793 billion manat.

According to the project, state investments in 2012 are expected to reach 8.532 billion manat, non-state - 6.686 billion manat, in 2013 - 9.74 billion manat and 8.261 billion manat, respectively, in 2014 - 8.664 billion manat and 9.008 billion manat, in 2015 - 8.423 billion manat and 9.508 billion manat, in 2016 - 8.1 billion manat and 10.088 billion manat respectively.

The official exchange rate is 0,785 AZN/USD on Nov. 13.

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