In January to May 2006 a total of 2,184,1m new manats ($2426.8m on average exchange rate of 0.90 AZN per 1 USD), has been invested in the Azerbaijani economy, which is 8.8% up as compared to the amount of investments put in 2005.
According to the State Statistics Committee, 515.9m manats ($7573.2m) has been invested at the expense of internal sources, which is 1.4% more than 2005 and 6.4% down as compared to April 2006.
The investments put at the repair and construction work rose 49.9% as compared to 2005 and made up 841.7m manats ($935.2m). Special weight of internal investments comprised 38.5% of the total, whereas foreign investments in the total amount of investments comprised 1342.4m manats ($1491.6m).
Investment indices in January to May 2006
|
Amount in mln manats (AZN) |
Special weight, % | |
|
Investments in total |
2 184,1 |
100,0 |
|
Foreign investments |
1 342,4 |
61,5 |
|
Internal investments |
841,7 |
38,5 |
Source: State Statistics Committee and calculation by Trend
Investments put in major capital at the expense of funds of enterprises and organizations made up 1,628,5m manats (74.6% of all investments), banking credits 177.1m manats (8.1%), budget funds 164.4m manats (7.5%), non-budgetary funds 37m manats (1.7%), private community funds 162.6m manats (7.4%) and others 14.5m manats (0.7%).
In compliance with the decree of the Cabinet of Ministers dated 8 February 2006 it is planned to allocate 611m AZN for the implementation of construction work at the expense of the budget funds.
151.6m manats has been put in the construction of facilities, financed at the expense of budget funds, or 24.8% more than the target. 96.2% of all investments was directed at construction and repair work.
Investments directed at repair and construction work rose 9.9% and made 1121.7m manats. 1,874,2m manats (85.8%) has been directed for the construction of production facilities, while 309.9m manats (14.2%) non-production facilities.