Baku, Azerbaijan, Nov. 20
By Anvar Mammadov – Trend:
Some 12.54 billion manats were invested in the development of economic and social spheres of Azerbaijan in January-October 2017, which is by three percent less than in the same period of 2016, says a report of the country’s State Statistics Committee.
The report says that 77.2 percent of the total investments were put in the construction of production facilities, 16.8 percent – in the construction of non-production facilities and 6 percent – in the construction of housing.
About 42 percent of the total investments accounted for the domestic investments, according to the report.
The main sources of investments in January-October 2017 are as follows: funds of enterprises and organizations – 8.34 billion manats (66.5 percent of the total investments); bank loans –1.55 billion manats (12.4 percent); budgetary funds – 1.7 billion manats (13.5 percent); off-budgetary funds – 174.2 million manats (1.4 percent); funds of population – 679.9 million manats (5.4 percent) and other funds – 98.3 million manats.
Some 43.4 percent (5.44 billion manats) of the funds invested in the fixed capital accounted for the development of the non-oil sector, while 7.1 billion manats (56.6 percent) – for oil sector of the country.
(1.7002 manats = 1 USD on Nov. 20)