Over 65 percent of investments in Azerbaijani economy aimed at developing non-oil sector
Azerbaijan, Baku, March 16 / Trend N.Ismayilova /
Some 1.120.3 million manat was invested in the economy of Azerbaijan in January-February, an increase of 1.7 percent from the figures of January-February 2010, the Azerbaijani State Statistics Committee reported.
Investments for repair and construction work made up 55.6 percent totaling 623.1 million manat. Investment for the construction of production facilities totaled 600.6 million manat, while non-production facilities totaled 519.7 million manat.
The special weight of internal investments made up 71.7 percent. Most (61.6 percent) of domestic investment is embedded in state-owned enterprises and entities, and only 38.4 percent - to private enterprise.
Of the total amount 65.5 percent were directed (733.5 million manat) to the development of non-oil sector, 16.2 percent (180.8 million manat) - non-oil industrial sector, 34.5 percent (386.8 million manat) - oil sector.
About 50.7 percent of investments fell to industrial areas, 2.9 percent - agriculture, forestry and fishery, 3.3 percent - trade, 19.4 percent - transport, 2.5 percent - communications, 0.9 percent - health care, 1. 3 percent - education, 11.2 percent - real estate transactions (of which 10.8 percent - housing), 3.2 percent - sports, entertainment and culture, 1.7 percent - state management, 0.2 percent - financial and insurance activity, 0.1 percent - administrative and support services and 0.9 percent - other spheres.
About 289.4 million manat was directed to the construction of facilities, funding of which is realized at the expense of budget funds.
Major sources of investing were funds of enterprises and organizations (665.8 million manat or 59.4 percent of the total amount of investments), bank credits (91.3 million manat, 8.2 percent), budget funds (298.5 million manat, 26.6 percent), non-budgetary funds (37.8 million manat, 3.4 percent), population's personal funds (25.9 million 2.3 percent).