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Investments in Azerbaijan’s fixed capital increase by 7%

Business Materials 15 April 2014 17:30 (UTC +04:00)

Baku, Azerbaijan, April 15

By Emin Aliyev - Trend:

Around 3.125.9 billion manat was invested for the development of Azerbaijan's social and economic spheres from all financial sources in January-March 2014 which is 7 percent more than in January-March of 2013, according to the Azerbaijani State Statistics Committee.

The volume of investments in construction and installation work reached 67.4 percent of the total volume of investments. This index increased by 25.4 percent.

Some 2.189.5 billion manat was invested in the construction of production facilities in the first quarter, while 936.4 million manat - in the service sector facilities. Some 49.5 percent of investments fall to the state enterprises, 50.5 percent - private enterprises.

Around 67.5 percent of the total volume of investments fell to domestic investments. They increased by 6 percent during a year. A significant part, 68.7 percent of domestic investments fell to state enterprises and organizations with 31.3 percent falling to private enterprises.

Around 1.733.6 billion manat (55.5 percent of the total volume of investments) were invested in fixed capital at the expense of the funds held by enterprises and organizations, 141.7 million manat (4.5 percent) - bank loans, 1.138.2 billion manat (36.4 percent) - budgetary funds, 32.4 million manat (1 percent) - off-budget funds' resources, 75.2 million manat (2.4 percent) - population's income and 4.8 million manat (0.2 percent) - other funds.

About 56.2 percent (1.756.3 billion manat) of funds invested in fixed capital were transferred to the development of the non-oil sector, including 168.5 million manat invested in the non-oil industrial sector. Some 1.369.6 billion manat (43.8 percent) were invested in the country's oil sector or 26.1 percent more than in the first quarter of 2013.

About 49.2 percent of investments fell to industry, 18.4 percent- construction, 7.8 percent- public administration, 7 percent - recreation, entertainment and art, 5.2 percent - transport and storage facilities, 2.8 percent - education, 2.5 percent - agriculture, 2.2 percent - public health, 2 percent - trade, 1 percent - real estate operations, 0.9 percent - communication and information, 0.5 percent - rendering the administrative and additional services, 0.4 percent - financial and insurance activity, 0.1 percent - tourist accommodation and catering, according to the report.

The official exchange rate is 0.7843 AZN/USD on April 15.

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