Baku, Azerbaijan, June 15
By Ilkin Shafiyev - Trend:
In January-May 2018, about 5.24 billion manats were invested from all financial sources into the development of the economy and social sphere in Azerbaijan, which is 10.5 percent less than the same period last year, a report of the State Statistical Committee says.
According to the report, 73.1 percent of investments (3.83 billion manats) into fixed assets were directed to the construction of production facilities, 20.8 percent (1.089 billion manats) – non-production facilities, and 6.1 percent (319.3 million manats) - to housing construction.
Some 53.7 percent of the total investments accounted for domestic investments.
From the total amount of the funds invested into fixed assets, 55.1 percent (2.89 billion manats) were directed to the development of the non-oil sector, and 2.35 billion manats (44.9 percent) were invested into the country's oil sector.
According to the report, most of the investments were made into industry sector (56.8 percent), construction sector (19 percent), and transport and storage sector (13 percent).
(1.7 AZN = 1 USD on June 15)