Baku, Azerbaijan, Aug. 16
By Anvar Mammadov – Trend:
In January-July 2018, around 7.46 billion manats were invested in the development of economic and social spheres of Azerbaijan, which is by 17.9 percent less than in the same period of 2017, says a report of the country’s State Statistics Committee.
The report says that 71.1 percent (5.3 billion manat) of the total investments were made in the construction of production facilities, 21.1 percent (1.58 billion manat) – in the construction of non-production facilities and 7.8 percent (580.8 million manat) – in the construction of housing.
Moreover, 56.6 percent of the total investments accounted for the domestic investments, according to the report.
Moreover, around 3.94 billion manat (52.8 percent of the total volume of investments) were made in fixed assets through the funds of enterprises and organizations, 1.02 billion manat (13.7 percent) accounted for bank loans, 1.86 billion manat (24.9 percent) - budgetary funds, 114.5 million manat (1.6 percent) – off-budget funds, 470.9 million manat (6.3 percent) – population’s funds and 53 million manat (0.7 percent) - through other funds.
Moreover, 55.4 percent (4.13 billion manat) of investments made in fixed assets were spent for the development of the non-oil sector, while 3.33 billion manat (44.6 percent) were invested in the country's oil sector.
According to the report, most of investments accounted for industry - 56.2 percent, construction - 19.6 percent, transport and warehousing - 13.1 percent.
(1.7 manats = $1 on Aug. 16)