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More than 60 percent of investment directed to non-oil sector of Azerbaijan in I quarter

Business Materials 18 April 2012 21:19 (UTC +04:00)

Azerbaijan, Baku, April 18 /Trend A.Hasanov/

Some 2099.4 million manat from all financial sources are invested in the development of economic and social spheres in Azerbaijan in the I quarter, which is 16.5 percent more compared to the same period last year, the State Committee on Statistics of the country told Trend on Wednesday.

Some 1103.7 million manat has been invested in the construction and installation work, which accounts for 52.6 percent of total investments. Some 989.7 million manat of investment is used for the construction of production facilities, while 1109.7 million manat was invested in the construction of non-production facilities.

Some 72.8 percent of the total capital expenditure accounted for domestic investment. The most part of domestic investment (72.7 percent) accounts for state enterprises and organizations, and only 27.3 percent - for private enterprises.

Some 63.8 percent (1339.8 million manat) of the investment aimed at developing non-oil sector of the country, including 4.4 percent (91.9 million manat) - non-oil industry, and 36.2 percent (759, 6 million manat) invested in the oil sector.

At the same time 40.6 percent of investments aimed at the development of industrial areas, 4.6 percent - agriculture, 1.3 percent - trade, 21.2 percent - transport and storage facilities, 4 percent - communication and information, 2.6 percent - health, 2.3 per cent - education, 6.3 percent - real estate transactions (6.1 percent of which - housing), 5.9 percent - the sphere of leisure, entertainment and art, and 4.6 percent - the state administration, 2.9 per cent - the financial and insurance activities, 1.9 percent - construction, 1.2 percent - within the scope of the provision of administrative and support services, 0.6 percent - catering and accommodation for tourists.

Some 1181.4 million manat were invested in state owned enterprises and organizations, 918 million manat - in private companicompanies.

Some 1049.1 million manat invested in the capital at the expense of businesses and organizations (50 per cent of total investments), 101.9 million manat (4.8 percent) - bank loans, 848.4 million manat (40, 4 percent) - budget funds, 37.9 million manat (1.8 percent) - off-budget funds, 58 million manats (2.8 percent) - personal funds of the population, 4.1 million manat (0.2 percent) - other.

Official exchange rate on April 18 is 0.7860 AZN/USD

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