Investments in Azerbaijani fixed capital increase by over third
Baku, Azerbaijan, March 21
By Emin Aliyev - Trend:
Around 1.680.1 billion manat was invested for the development of Azerbaijan's social and economic spheres from all financial sources in January-February 2014 which is 38.3 percent more than in January-February 2013, according to the Azerbaijani State Statistics Committee.
The volume of investments in construction and installation work reached 52.8 percent of the total volume of investments. Around 1.012.3 billion manat was invested in the construction of production facilities and 667.8 million manat in non-production facilities, according to the State Committee.
Around 64.9 percent of the total volume of investments fell to domestic investments. They increased by 34.5 percent during a year. A significant part, 87.1 percent of domestic investments fell to state enterprises and organisations with 12.9 percent falling to private enterprises.
Around 794.4 million manat (47.3 percent of the total volume of investments) were invested in fixed capital at the expense of the funds held by enterprises and organisations, 86 million manat (5.1 percent) - bank loans, 723.8 million manat (43.1 percent) - budgetary funds, 36.5 million manat (2.2 percent) - off-budget funds' resources and 39.5 million manat (2.3 percent) - population's income.
About 58.2 percent (977.9 million manat) of funds invested in fixed capital were transferred to the development of the non-oil sector. Around 702.2 million manat (41.8 percent) was invested in the oil sector of the country. Investments in the country's non-oil sector increased 35.3 percent.
About 52.9 percent of investments fell to industry, 17.1 percent - transport and storage facilities, 5.8 percent - agriculture, 3.4 percent - real estate operations, 4.4 percent- public administration, five percent - recreation, entertainment and art, 1.6 percent- construction, 1.8 percent - communication and information, 2.7 percent - education, 0.6 percent - rendering the administrative and additional services and 0.1 percent - financial, insurance, professional, technical and scientific activity, according to the report.
The official exchange rate is 0.7843 AZN/USD on March 21.
Translated by NH
Edited by SM