Investments in Azerbaijan’s non-oil sector up almost 27 percent
IAzerbaijan, Baku, 18 May / Trend E. Aliyev /
Around 4.252 billion manat was invested into the development of the economic and social sectors in Azerbaijan in January-April 2013, or 28.4 per cent more than in the same period of last year, the State Statistics Committee said.
Investments in construction increased by 40.9 percent to 2.683 billion manat, or 63.1 percent of total investments. Investments worth 2.289 million manat were made in the construction of production facilities, while investment in non-production facilities totaled 1.963 billion manat.
Around 72.2 per cent of the total volume was domestic investment which grew by 24.3 per cent over a year. Major part (78.6 per cent) of internal investments was made in state enterprises and organizations with only 21.4 per cent in private enterprises.
Around 1.911 billion manat (45 per cent of the total investment volume) was invested in fixed capital through the funds of enterprises and organizations, 228.3 million manat (5.4 per cent) - through bank loans, 1.884 million manat (44.3 per cent) - budgetary funds, 120.9 million manat (2.8 per cent) - off-budget funds, 94.7 million manat (2.2 per cent) - the population's funds and 13.6 million manat (0.3 per cent) - through other funds.
Around 66.7 per cent (2.838 billion manat) was directed to the development of the non-oil sector, while some 1.414 billion manat (33.3 per cent) was invested in the oil sector. Investments in the non-oil sector increased by 26.6 per cent and in the oil sector - by 32.4 per cent.
Around 49.7 per cent of investments were in the industrial sector, 18.3 per cent - transportation and warehousing, 4.7 per cent -agriculture, 3.7 per cent - real estate transactions (of which 3.6 per cent - housing).
According to the report, 47.2 per cent of investments fell to industrial areas, 17.5 per cent - transport and warehousing, 4.4 per cent - agriculture, 7.7 per cent - real estate transactions (including 7.6 per cent for housing), 8.1 per cent - state management, 3.2 per cent - health care, 3.5 per cent - sports, entertainment and the arts, 2.3 per cent - construction, 1.2 per cent - communication and information, 2.8 per cent - education, 0.7 per cent - provision of administrative and support services, 0.8 per cent - trade, 0.4 per cent - tourist accommodation and catering, 0.1 per cent - financial and insurance, professional, technical and scientific activities.
The official exchange rate on May 18 is 0.7847 AZN / USD.