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Investments in Azerbaijan’s non-oil economic sector up by quarter

Business Materials 18 December 2012 16:48 (UTC +04:00)

Azerbaijan, Baku, Dec. 18 /Trend J.Nasibova/.

Around 12.615.1 billion manat were invested from all financing sources into the development of the economic and social sectors in Azerbaijan in January-November 2012, or 24 per cent more than in the same period of last year, the State Statistics Committee report said.

Investments in construction operations increased by 22.7 per cent to 7.589.1 billion manat, or 60.2 per cent of the total investment volume. Investments worth 5.690.8 billion manat were made in the construction of production facilities, while 6.924.3 billion manat were in services.
Around 77.2 per cent of the total volume fell to domestic investment. The main part (74.6 per cent) of internal investments was made in state enterprises and organisations with only 25.4 per cent in private enterprises.

Around 5.468.9 billion manat out of 5.933.9 billion manat envisaged for this year were invested in the construction of facilities financed through the budget funds.

Around 5.411.4 billion manat (42.9 per cent of the total investment volume), bank loans - 625.7 million manat (5 per cent), budgetary funds - 5.703.7 billion manat (45.2 per cent), off-budget funds - 474 million manat (3.8 per cent), the population's funds - 347.1 million manat (2.7 per cent) and other - 53.2 million manat (0.4 per cent) were invested in the fixed capital through the funds of enterprises and organisations.

Around 25.5 per cent (3.217.5 billion manat) were directed to the development of the oil sector, 74.5 per cent (9.397.6 billion manat) - non-oil sector, including 12.6 per cent (1.583.7 billion manat) - non-oil industrial sector. Investments in the oil sector increased by 19.9 per cent and non-oil - by 25.5 per cent.

Around 38.1 per cent of investments fell to the industrial sector, 16.8 per cent - transportation and warehousing, 8.2 per cent - state management, 9.3 per cent - real estate transactions (of which 9.1 per cent - housing construction).

Also included was 5.4 per cent - education, 4.1 per cent - agriculture, 4.1 per cent - entertainment and art, 2.9 per cent - construction, 2.3 per cent - communication and information, 2 - trade and 1.6 per cent - health care, rendering administrative services, 0.9 per cent - tourist accommodation and catering, 0.5 per cent - financial and insurance activity.

The official exchange rate is 0.7849 AZN/USD on Dec. 18.

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