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Over half of investments in Azerbaijan’s fixed assets account for domestic sources

Business Materials 17 May 2018 20:44 (UTC +04:00)

Baku, Azerbaijan, May 17

By Ilkin Shafiyev – Trend:

In January-April 2018, 4.16 billion manats were invested in the development of economic and social spheres of Azerbaijan, which is by 11.1 percent less than in the same period of 2017, says a report of the country’s State Statistics Committee.

The report says that 73.6 percent (3 billion manat) of the total investments were made in the construction of production facilities, 20.7 percent (861.1 million manat) – in the construction of non-production facilities and 5.7 percent (237.8 million manat) – in the construction of housing.

Thus, 47.2 percent of the total investments accounted for state investments, 52.8 percent - private investments. Moreover, 73.3 percent of the investments were made in construction and installation work.

Moreover, 52.4 percent of the total investments accounted for the domestic investments, according to the report.

About 2.31 billion manat was invested in fixed assets through the funds of enterprises and organizations, 661 million manat accounted for bank loans, 923.1 million manat - budgetary funds, 22.4 million manat – off-budget funds, 223 million manat – population’s funds and 18.8 million manat - through other funds.

According to the report, most of the investments (56.2 percent) accounted for the industrial sector.

(1.7 manats = $1 on May 17)

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