Over 2.8B manats invested in Azerbaijan’s non-oil sector
Baku, Azerbaijan, Aug. 19
By Anvar Mammadov – Trend:
In January-July 2016, 7.96 billion Azerbaijani manats (1.6204 AZN/USD on Aug. 19) were invested for development of Azerbaijan’s economic and social spheres by all financial sources, which is 15.05 percent less than in the same period 2015, said a State Statistics Committee report.
The report says that 70.9 percent of investments in fixed capital were directed to construction works.
Some 35.3 percent (2.81 billion manats) of the investments in fixed capital were directed to development of Azerbaijan’s non-oil sector, while 5.15 billion manats (64.7 percent) were directed to development of the oil sector.
Meanwhile, 6.46 billion manats were invested in the construction of production facilities, 1.16 billion manats – in construction of non-production facilities, and 323.4 million manats – in housing construction.
Some 38.1 percent of total investments accounted for domestic investments.
Funds of enterprises and organizations in the fixed capital were 5.84 billion manats (73.4 percent of total investments), bank loans - 752.8 million manats (9.4 percent), budgetary funds - 1.01 billion manats (12.6 percent), non-budgetary funds - 79.8 million manats (1 percent), personal funds of population - 259.4 million manats (3.3 percent), other funds - 21.2 million manats (0.3 percent).