Investments in Azerbaijan’s fixed capital increase by six percent
Baku, Azerbaijan, June 15
By Zulfiyya Qurbanova - Trend:
Around 6.121.2 billion manat was invested for the development of Azerbaijan's social and economic spheres from all financial sources in January-May 2014 which is six percent more than in January-May 2013, according to the Azerbaijani State Statistics Committee.
The volume of investments in construction and installation work reached 72 percent of the total volume of investments. This index increased by 18.3 percent during a year.
Some 4.223.1 billion manat was invested in the construction of production facilities during this period, and 1.898.1 billion manat in the service sector facilities. Some 50.8 percent of investments fall to the state enterprises, 49.2 percent - private enterprises.
Around 70.4 percent of the total volume of investments fell to domestic investments. They increased by 1.7 percent compared to January-May 2013. Some 68.5 percent of domestic investments fell to state enterprises and organizations with 31.5 percent falling to private enterprises.
Around 3.362.8 billion manat (54.9 percent of the total volume of investments) were invested in fixed capital at the expense of the funds held by enterprises and organizations, 241 million manat (3.9 percent) - bank loans, 2.218.7 billion manat (36.2 percent) - budgetary funds, 113.6 million manat (1.9 percent) - off-budget funds' resources, 151.1 million manat (2.5 percent) - population's income and 34 million manat (0.6 percent) - other funds.
About 59.8 percent (3.660.2 billion manat) of funds invested in fixed capital were transferred to the development of the non-oil sector (a 6.7 percent decrease), including 521.1 million manat (8.5 percent) invested in the non-oil industrial sector. Some 2.461 billion manat (40.2 percent) were invested in the country's oil sector or 33.1 percent more than in the same period of 2013.
About 48.7 percent of investments fell to industry, 18 percent- construction, 7.9 percent - transport and storage facilities, 6.8 percent- public administration, 4.7 percent - recreation, entertainment and art, 2.5 percent - education, 2.7 percent - trade and repair of vehicles, 1.8 percent - public health and rendering social services, 1.6 percent - tourist accommodation and catering, 1.2 percent - rendering the administrative and additional services, 0.8 percent - communication and information, 0.5 percent - rendering services in other spheres, 0.3 percent - real estate operations, 0.2 percent - financial and insurance activity.
The official exchange rate is 0.7843 AZN/USD on June 15.