Baku, Azerbaijan, July 30
By Elena Kosolapova - Trend:
Investments in fixed capital are increasing in Kazakhstan, according to the analytical service Ranking.kz.
"The volume of investments in the fixed capital in the first half of 2015 rose by eight percent reaching nearly 2.7 trillion tenges ($14.4 billion). A year earlier, 2.5 trillion tenges ($13.3 billion) were invested in the fixed funds of the country," said the Ranking.kz.
Aside from the traditional "investment magnets", that is, the Atyrau region, and the cities of Astana and Almaty, this year the Pavlodar, the North Kazakhstan and the East Kazakhstan regions have also had high paces of investment activity.
The investments in the Almaty region grew by 3.9 percent. The region ranked fourth in Kazakhstan in terms of capital investments.
There was a weakening in three regions' positions: the South Kazakhstan (4.2 percent reduction in investments), Mangystau (8.8 percent reduction) and Kostanai (7.8 percent reduction).
A sharp decrease was observed in Aktobe and Kyzylorda provinces - 31.7 percent and 24.6 percent, respectively.
Nevertheless, the largest volume of investments in the fixed capital is traditionally made in H2, therefore, the positions and dynamics in the regions can seriously change.
Own funds of companies are the key source of investments in fixed assets in Kazakhstan. They reached 1.6 trillion tenge ($ 8.5 billion) in Jan.-June 2015, which accounts for 60 percent of all investments. Another 20 percent account for "other borrowings" (except for bank loans). The share of budget investments (from the republican and local budgets together) does not exceed 16 percent.
Around 68 percent of investments made in H1 account for the internal sources, while the remaining 32 percent accounts for non-residents.
The ratio between internal and external investments was at a similar level - 70:30 a year ago. The total volume of foreign investments increased to 869 billion tenge ($ 4.6 billion; by 128 billion tenge or 17 percent).
The expenditure structure as of the first half of the year has not been changed. Over 50 percent account for construction and installation work, overhaul of buildings and structures, about 30 percent - for the purchase of machinery, equipment and inventory and 14-17 percent - other costs.
The value terms of the volume of fixed assets for the last six months increased by 36.5 percent. The fixed assets hit 1.16 trillion tenge ($ 6.2 billion) in January-June 2014. They hit 1.58 trillion tenge ($ 8.4 billion) in the same period of this year. One-fifth of all fixed assets accounted for the capital, 14.9 percent of the national volume - Almaty, 10.4 percent - the Aktobe region.
Edited by SI
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