Investments in Azerbaijan’s fixed capital increase by over 8 percent
Baku, Azerbaijan, May 20
By Zulfiye Qurbanova - Trend:
Around 4.627.9 billion manat was invested for the development of Azerbaijan's social and economic spheres from all financial sources in January-April 2014 which is 8.6 percent more than in January-April 2013, according to the Azerbaijani State Statistics Committee.
The volume of investments in construction and installation work reached 73 percent of the total volume of investments. This index increased by 25.6 percent.
Some 3.186.8 billion manat was invested in the construction of production facilities during this period, and 1.441.1 billion manat in the service sector facilities. Some 51.6 percent of investments fall to the state enterprises, 48.4 percent - private enterprises.
Around 68.8 percent of the total volume of investments fell to domestic investments. They increased by 3.5 percent compared to January-April 2013. Some 70.4 percent of domestic investments fell to state enterprises and organizations with 29.6 percent falling to private enterprises.
Around 2.428.4 billion manat (52.5 percent of the total volume of investments) were invested in fixed capital at the expense of the funds held by enterprises and organizations, 212 million manat (4.6 percent) - bank loans, 1.780 billion manat (38.5 percent) - budgetary funds, 73.7 million manat (1.6 percent) - off-budget funds' resources, 120.6 million manat (2.6 percent) - population's income and 13.2 million manat (0.2 percent) - other funds.
About 59.6 percent (2.756.2 billion manat) of funds invested in fixed capital were transferred to the development of the non-oil sector (a 3.1 percent decrease), including 395.6 million manat (8.5 percent) invested in the non-oil industrial sector. Some 1.871.7 billion manat (40.4 percent) were invested in the country's oil sector or 32.1 percent more than in the same period of 2013.
About 49 percent of investments fell to industry, 17.3 percent- construction, 7.6 percent- public administration, 4.6 percent - recreation, entertainment and art, 8.2 percent - transport and storage facilities, 2.7 percent - education, 2.5 percent - agriculture, forestry, fish-breeding, 2.1 percent - public health and rendering social services, 1.9 percent - trade and repair of vehicles, 1.4 percent - tourist accommodation and catering, 0.8 percent - communication and information, 0.6 percent - rendering the administrative and additional services, 0.3 percent - financial and insurance activity and real estate operations, according to the report.
The official exchange rate is 0.7844 AZN/USD on May 20.
edited by CN