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Over half of investment in fixed capital of Azerbaijan allocated to non-oil sector

Economy Materials 22 September 2018 16:04 (UTC +04:00)

Baku, Azerbaijan, Sept. 22

By Taleh Mursagulov – Trend:

In January-August 2018, about 8.95 billion manats from all financial sources have been invested in the development of economy and social sphere in Azerbaijan, which is 12.8 percent less than the indicator for the same period last year, as appears from the report of the State Statistics Committee.

Some 69.6 percent of investments (6.23 billion manats) in fixed assets has been allocated to the construction of production facilities, 22.9 percent (2.05 billion manats) – to construction of non-production facilities, 7.5 percent (670.6 million manats) - to housing construction, the report reads.

Of the total volume of investment, 59.4 percent has fallen to the share of the domestic investments.

About 4.63 billion manats (51.7 percent of the total investment) have been invested in fixed assets at the expense of resources of enterprises and organizations, 1.32 billion manats (14.7 percent) – at the expense of bank loans, 2.26 billion manats (25.2 percent) - at the expense of budget funds, 149.8 million manats (1.7 percent)- at the expense of extra-budgetary funds, 532.8 million manats (6 percent) – at the expense of personal funds, and 63.8 million manats (0.7 percent) – at the expense of other funds.

Of the funds invested in fixed assets, 55.6 percent (4.98 billion manats) has been allocated for the development of the non-oil sector, and 3.97 billion manats (44.4 percent) have been invested in the country's oil sector.

The most part of the investments - 54.9 percent has fallen to the share of industry, 19.6 percent – to the share of construction, 13.4 percent – to the share of transport and warehousing, the report reads.

(1.7 manats = $1 on Sept. 22)

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