Investments in Azerbaijan's economy jump
Azerbaijan, Baku, Oct. 20 / Trend , N.Ismayilova /
Nearly 7.576.7bln manat was invested in the Azerbaijani economy in January-September 2011, an increase of 21.9% from the figures of the same period of the last year, the Azerbaijani State Statistics Committee told Trend.
Investments for repair and construction work made up 4.573.8 billion manat totaling 60.4 percent. Investment for the construction of production facilities totaled 3.588.5 billion manat, while non-production facilities totaled 3.988.2 billion manat.
About 76.6 percent fall to internal investments. Most (70.5 percent) of internal investments is embedded in state-owned enterprises and organizations and only 29.5 percent - to private enterprises.
About 2.645.8 billion manat of 6.052.1 billion manat were invested 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 (3.662.4 billion manat or 48.3 percent of the total amount of investments), bank credits (591.9 million manat, 7.8 percent), budget funds (2.797.4 billion manat, 36.9 percent), non-budgetary funds (250.4 million manat, 3.3 percent), population's personal funds (271.4 million manat, 3.6 percent) and other funds (3.2 million manat, 0.1 percent).
Of the total amount 71.9 percent were directed (5.447.5 billion manat) to the development of non-oil sector, 14.6 percent (1.104.2 million manat) - non-oil industrial sector, 28.1 percent (2.129.2 billion manat) - oil sector.
About 42.7 percent of investments fell to industrial areas, 3.8 percent - agriculture, forestry and fishery, 2.9 percent - trade, 21.5 percent - transport, 1.9 percent - communications, 0.9 percent-construction , 1.6 percent - health care, 1.9 percent - education, 8.9 percent - real estate transactions (of which 8.7 percent - housing), 4.7 percent - sports, entertainment and culture, 5.8 percent - state management, 0.1 percent - financial and insurance activity, 0.8 percent - administrative and support services and 0.1 percent - other spheres.