...

Investments in Azerbaijani economy will increase in 2014

Business Materials 9 October 2013 09:41 (UTC +04:00)

Azerbaijan, Baku, Oct. 9 / Trend A. Akhundov /

The investments in Azerbaijani economy will amount to 18.415 billion manat in 2014, exceeding the forecast for this year by 2.9 percent, the draft state budget for 2014 and the next three years said.

The share of domestic investments will hit 70.4 percent, external - 29.6 percent. Some 68.5 percent of the investments will be spent for the non-oil sector.

The public investments next year will amount to 9.7 billion manat. The share of private investments will amount to 47.5 percent (8.7 billion manat).

According to the Azerbaijani State Statistics Committee, around 10.4 billion manat were invested in the development of the economic and social spheres from all financial sources in Azerbaijan in January-August 2013 or 22.7 percent more than in the same period of 2012.

Around 74.8 percent of the total investment volume fell to domestic investments. They increased by 16.3 percent during the year. Most of domestic investments (78.5 percent) fell to the share of public enterprises and organizations, while 21.5 percent - private enterprises.

Around 70.7 percent (7.336.6 billion manat) made in the fixed capital were directed to the development of non-oil sector and 3.042.2 billion (29.3 percent) in the oil sector. Capital investments in the non-oil sector increased by 19 percent, while by 32.6 percent in the oil sector.

The official exchange rate is 0,7844 AZN/USD on Oct. 9.

Tags:
Latest

Latest