Over half of capital investments in Azerbaijan accounts for domestic investments
Baku, Azerbaijan, Nov. 19
By Anvar Mammadov - Trend:
Around 13.09 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-October 2015, which is 1.9 percent more than in the same period of 2014, the Azerbaijani State Statistics Committee's report as of January-October 2015 says.
The investments in construction and installation work hit 74.6 percent of a total volume of investments.
Around 8.08 billion manat were invested in the construction of production facilities, while 4.15 billion manat were in non-production facilities, 860.1 million manat - housing construction.
Around 57.2 percent of the total volume of investments accounted for domestic investments.
Around 8.94 billion manat (68.3 percent of a total volume of investments) of the enterprises' and organizations' funds, 2.45 billion manat (18.7 percent) - budgetary funds, 862.6 million manat (6.6 percent) - bank loans, 229.5 million manat (1.8 percent) - off-budget funds, 431.1 million manat (3.3 percent) - personal funds of the population and 167.5 million manat (1.3 percent) - other funds were invested in the fixed assets.
Around 54.8 percent (7.17 billion manat) invested in fixed assets was directed to develop the non-oil sector. Around 5.91 billion manat (45.2 percent) was invested in the oil industry.
Around 53 percent of investments accounted for industry, 12.7 percent - construction, 13 percent - transport and warehousing, 3 percent - recreation, entertainment, art, 2.6 percent - agriculture, fishery, forestry, 1.7 percent - trade and repair of vehicles, 0.1 percent - financial, insurance activity and services in other services, 0.1 percent - scientific and technical activity, 0.9 percent - health care, 1.6 percent - communication and information, 3.5 percent - accommodation of tourists and catering sphere, 1.8 percent - education, 0.5 percent - real estate transactions and services in other spheres, 0.8 percent - rendering the administrative and additional services, 4.2 percent - state management, the report says.
The official exchange rate is 1.0506 AZN/USD Nov. 19.
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