Azerbaijan increased oil investments by almost 43 per cent
Azerbaijan, Baku, March 19 /Trend I.Khalilova /
In January-February 2013, 1.680.1 million AZN was invested from all financial sources in the development of the economic and social areas of Azerbaijan, which is 38.3 per cent more than during the corresponding period last year, according to a Monday report of the State Statistics Committee.
Investments in construction work grew by 48.8 per cent, constituting 887.8 million manat, or 52.8 per cent of the total amount of investment. Investments od 1 012.3 million AZN were made in construction of production facilities and 667.8 million manat - in service sector.
At least 64.9 per cent of the investments were internal, a growth of 34.5 per cent during the past year. Most of the internal investments (87.1 per cent) were invested in state-owned enterprises and organisations and just 12.9 per cent in private enterprises.
As much as 47.3 per cent of the total amount of the investments in capital stock, or 794.3 million AZN, are comprised of assets of enterprises and organisations, 5.1 per cent, or 86 million AZN by bank credits, 43.1 per cent, or 723.8 million AZN by state budget assets, 2.2 per cent (36.5 million AZN) by extra-budgetary funds and 2.3 per cent (39.5 million AZN) by citizens' personal money.
Of the 58.2 per cent of assets invested in capital stock, or 977.9 AZN, these were directed to development of the non-oil sector, including 11.1 per cent (186.4 AZN) to the non-oil industrial sector. Investments in the oil sector comprised 702.2 million AZN. Investments in non-oil sector compared to the reported period last year increased by 35.3 per cent, to the oil sector - 42.6 per cent.
Industrial sector investments were 52.9 per cent and 17.1 per cent went to to transport and warehousing, 5.8 per cent to agriculture, 3.4 per cent - real estate transactions including 3.2 per cent to housing construction, 4.4 - public administration, 4.4 - public health, 5 per cent - recreation, entertainment and fine arts, 1.8 per cent - construction, 1.8 - information and communication, 2.7 - education, 0.6 - administrative services, 0.2 - trade and 0.1 - science and technologies.
The official currency rate for March 18 was 0.7848 AZN.