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Azerbaijan sees rise in investments in non-oil sector

Business Materials 13 April 2018 19:47 (UTC +04:00)

Baku, Azerbaijan, April 13

By Ilkin Shafiyev – Trend:

In January-March 2018, 2,869 billion manats was invested from all financial sources in the development of economic and social spheres in Azerbaijan, according to the Azerbaijani State Statistics Committee.

Out of the total figure, 1.456 billion manats, or almost 51 percent, fell on investments in the non-oil sector, the Committee said on April 13.

According to the Committee, 74.7 percent of the total amount of the investment was directed to construction and installation works. Some 75.8 percent of this volume was directed to construction of production facilities, 18.2 percent - non-production facilities and 6 percent - housing construction.

Out of the total volume of the investments, 51.7 percent accounted for domestic investment.

In the structure of general investments, 60.4 percent accounted for enterprises and organizations, 13.7 percent - bank loans, 19.4 percent -budget funds, 5.4 percent - personal funds, extra-budgetary funds -0.6 percent and other funds - 0.5 percent.

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