Baku, Azerbaijan, Dec. 18
By Anvar Mammadov - Trend:
Around 14.44 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-November 2015, which is 2.4 percent more than in the same period of 2014, the Azerbaijani State Statistics Committee's report as of January-November 2015 says.
The investments in construction and installation work hit 73.2 percent of a total volume of investments.
Around 8.84 billion manat were invested in the construction of production facilities, while 4.69 billion manat were in non-production facilities, 914 million manat - housing construction.
Around 56.9 percent of the total volume of investments accounted for domestic investments.
Around 9.74 billion manat (67.4 percent of a total volume of investments) of the enterprises' and organizations' funds, 2.7 billion manat (18.7 percent) - budgetary funds, 1.09 billion manat (7.6 percent) - bank loans, 253.3 million manat (1.8 percent) - off-budget funds, 470 million manat (3.3 percent) - personal funds of the population and 179.5 million manat (1.2 percent) - other funds were invested in the fixed assets.
Around 55.33 percent (7.99 billion manat) invested in fixed assets was directed to develop the non-oil sector. Around 6.45 billion manat (44.67 percent) was invested in the oil industry.
Around 52.4 percent of investments accounted for industry, 12.7 percent - construction, 13.9 percent - transport and warehousing, 2.7 percent - recreation, entertainment, art, 2.5 percent - agriculture, fishery, forestry, 1.6 percent - trade, 0.1 percent - financial, insurance activity, 0.1 percent - scientific and technical activity, 0.9 percent - health care, 2.4 percent - communication and information, 3.2 percent - accommodation of tourists and catering sphere, 1.8 percent - education, 0.4 percent - real estate transactions, 0.5 percent - services in other spheres, 0.8 percent - rendering the administrative and additional services, 4 percent - state management, the report says.
The official exchange rate is 1.0499 AZN/USD Dec. 18.