Investments in Azerbaijan’s non-oil sector up by over 68%
Azerbaijan, Baku, Feb. 18 / Trend I. Khalilova /
Around 617.7 million manat was invested from all financing sources into the development of the economic and social sectors in Azerbaijan in January 2013, or 32.4 per cent more than in the same period of last year, the State Statistics Committee said.
Investments in construction operations increased by 47.4 per cent to 316.1 million manat, or 51.2 per cent of the total investment volume. Investments worth 371.6 million manat were made in the construction of production facilities, while 246.1 million manat were in services.
Around 64.6 per cent of the total volume fell to domestic investment which grew by 81.1 percent within a month. The main part (86.6 per cent) of internal investments was made in state enterprises and organisations with only 13.4 per cent in private enterprises.
Around 271.2 million manat (43.9 per cent of the total investment volume), bank loans - 39.9 million manat (6.5 per cent), budgetary funds - 267.9 million manat (43.4 per cent), off-budget funds - 18.6 million manat (three per cent), the population's funds - 20.1 million manat (3.2 per cent) were invested in the fixed capital through the funds of enterprises and organisations.
Around 62.7 per cent (387 million manat) was directed to the development of the non-oil sector, including 11.4 per cent (68.4 million manat) - non-oil industrial sector. Some 230.2 million manat was invested in the oil sector. Investments in the oil sector fell by 1.6 per cent, while investments in non-oil sector grew by 66.6 per cent.
Around 48.4 per cent of investments fell to the industrial sector, 20.9 per cent - transportation and warehousing, 9.9 per cent -agriculture, 4.7 per cent - real estate transactions (of which 4.5 per cent - housing).
Also included was 3.8 per cent -public management, 3.7 per cent- health, 2.3 per cent- entertainment and art, 1.9 per cent- construction, 1.8 per cent -communication and information, 1.5 per cent education, 0.6 per cent- rendering administrative services, 0.4 per cent trade, 0.1 per cent - services in other fields.
The official exchange rate is 0.7847 AZN/USD on Feb. 18.