Azerbaijan, Baku, Sept. 16 / Trend, E. Aliyev /
From January - August 2013, around 10.4 billion manat was invested in the development of economic and social spheres from all financial sources in Azerbaijan, which is 22.7 percent more than during the same period in 2012, the Azerbaijani State Statistics Committee said today.
According to the State Statistics Committee, the volume of investments in construction work has increased by 35.4 percent, reaching 6.860.4 billion manat (66.1 percent of the total volume). Some 5.2 billion manat was invested in the construction of production facilities and non-production facilities.
Some 74.8 percent of the total investment accounted for domestic investments, which increased by 16.3 percent during the year. Most domestic investments (78.5 percent) accounted for state enterprises and organizations, and 21.5 percent - for private enterprises.
Around 4.309.3 billion (41.5 percent of a total volume of investments) was invested in fixed assets at the expense of enterprises and organizations, 552.7 million manat (5.3 percent) - bank loans, 4.864.7 billion manat ( 46.9 percent) - budgetary funds, 370.7 million manat (3.6 percent) - non-budgetary funds, 225.3 million manat (2.5 percent) - personal funds of the population and 26.1 million manat (0.2 percent) - other funds.
Around 70.7 percent (7.336.6 billion manat) of investments in fixed capital focused on the development of non-oil sector, while 3.042.2 billion manat (29.3 percent) was invested in the oil sector. Capital investments in the non-oil sector increased by 19 percent, while in the oil sector - by 32.6 percent.
According to the report, around 43.4 percent of the investment accounted for the industrial sectors, 20.9 percent - transport and warehousing, 3.9 percent - agriculture, 7.6 percent - real estate transactions (of which 7.5 percent - housing ), 6.9 percent - state management, 3.2 percent - rest, entertainment and art, 3.1 percent - sports, entertainment and the arts, 3 percent - construction, one percent - communication and information, 3.9 percent - education, 1.2 percent - rendering administrative and additional services, 0.9 percent - trade, 0.6 percent - tourist accommodation and catering, 0.1 percent - financial, insurance, professional, technical and scientific activities.
The official exchange rate is 0.7845 AZN/USD on Sept. 16.
Do you have any feedback? Contact our journalist at firstname.lastname@example.org
Follow us on Twitter @TRENDNewsAgency