Over half of capital investments in Azerbaijan accounts for domestic investments
Baku, Azerbaijan, Oct. 19
By Anvar Mammadov - Trend:
Around 11.83 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-September 2015, which is 0.5 percent more than in the same period of 2014, the Azerbaijani State Statistics Committee's report as of January-September 2015 says.
The investments in construction and installation work hit 74 percent of a total volume of investments.
Around 7.21 billion manat were invested in the construction of production facilities, while 3.82 billion manat were in non-production facilities, 801.9 million manat - housing construction.
Around 58 percent of the total volume of investments accounted for domestic investments.
Around 8.21 billion manat (69.4 percent of a total volume of investments) of the enterprises' and organizations' funds, 2.2 billion manat (18.7 percent) - budgetary funds, 660.5 million manat (5.6 percent) - bank loans, 210.7 million manat (1.8 percent) - off-budget funds, 385.1 million manat (3.2 percent) - personal funds of the population and 153.3 million manat (1.3 percent) - other funds were invested in the fixed assets.
Around 54.8 percent (6.48 billion manat) invested in fixed assets was directed to develop the non-oil sector. Around 5.35 billion manat (45.2 percent) was invested in the oil industry.
Around 52.8 percent of investments accounted for industry, 12.2 percent - construction, 12.7 percent - transport and warehousing, 3.2 percent - recreation, entertainment, art, 2.7 percent - agriculture, fishery, forestry, 1.6 percent - trade and repair of vehicles, 0.2 percent - financial, insurance activity and services in other services, 0.1 percent - scientific and technical activity, 0.9 percent - health care, 1.8 percent - communication and information, 3.8 percent - accommodation of tourists and catering sphere, 1.4 percent - education, 0.5 percent - real estate transactions and services in other spheres, 0.8 percent - rendering the administrative and additional services, 4.4 percent - state management, the report says.
The official exchange rate is 1.0474 AZN/USD Oct. 19.
Edited by CN
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