BAKU, Azerbaijan, June 14. Investments in fixed capital amounted to 6.6 billion manat ($3.8 billion) from January through May 2024, which is 11 percent more than the figure for the corresponding period of 2023, Trend reports.
According to the State Statistics Committee of Azerbaijan, the volume of investments in the oil and gas sector increased by 9.2 percent and in non-oil sectors by 12.1 percent.
Meanwhile, 54.6 percent of investments in fixed capital (over 3.6 billion manat ($2.1 billion)) fell on the sphere of production, 35.8 percent (2.3 billion manat ($1.3 billion)) - the sphere of services, and 9.6 percent (638.5 million manat ($375.4 million)) - the construction of residential houses. Domestic funds accounted for 81.1 percent of investments (over 5.3 billion manat ($3.1 billion)) directed to fixed capital.
The construction and installation works in the mentioned period spent over 4.6 billion manat ($2.7 billion), or 69.9 percent of the funds directed to fixed capital.
To note, the investments in fixed capital amounted to 20.2 billion manat ($11.8 billion) in 2023, which is 9.8 percent more than the figure for 2022.
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