Over half of investments in Azerbaijan’s fixed capital accounts for domestic

Business Materials 19 March 2015 17:31 (UTC +04:00)

Baku, Azerbaijan, March 19

By Elyaz Shafiyev - Trend:

Around 1.697 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-February 2015, which is 0.5 percent more than in the same period of 2014, the Azerbaijani State Statistics Committee's report as of January-February 2015 says.

The investments in construction and installation work hit 73.5 percent of a total volume of investments.

Around 1.282 billion manat were invested in the construction of production facilities, while 415.2 million manat were in non-production facilities.

Around 52.2 percent of the total volume of investments accounted for domestic investments.
Most (64.9 percent) of domestic investments accounted for state-owned enterprises and organizations, but 35.1 percent - private enterprises.

Around 1.146 billion manat (67.5 percent of a total volume of investments) of the enterprises' and organizations' funds, 394.9 million manat (23.3 percent) - budgetary funds, 63.1 million manat (3.7 percent) - bank loans, 59.5 million manat (3.5 percent) - off-budget funds, 5.3 million manat (0.3 percent) - personal funds of the population and 28.2 million manat (1.7 percent) - other funds were invested in the fixed assets.

Around 47.3 percent (803.7 million manat) invested in fixed assets was directed to develop the non-oil sector. Around 893.8 million manat (52.7 percent) was invested in the oil industry. The investments in oil sector increased by 15.3 percent, but declined by 23.4 percent in the non-oil sector during the year.

Around 58.2 percent of investments accounted for industry, 14.7 percent - construction, 7.2 percent - transport and warehousing, 6.4 percent - recreation, entertainment, art, 2.6 percent - agriculture, fishery, forestry, 2.3 percent - state management, 2 percent - communication and information, 1.6 percent - accommodation of tourists and catering sphere, 1.4 percent - education, 0.6 percent - real estate transactions, 0.8 percent - rendering the administrative and additional services, the report says.

The official exchange rate is 1.0488 AZN/USD on March 19.

Edited by CN