Investments in Azerbaijan’s fixed capital down
Baku, Azerbaijan, July 12
By Kheyraddin Nasirzade - Trend:
In January-June 2019, investments worth 6.131 billion manats were made from all financial sources in the development of economy and social sphere in Azerbaijan, which is 3.2 percent less than in the same period of 2018, Trend reports referring to the Azerbaijani State Statistical Committee.
According to the committee's report, 68.4 percent of investments in fixed assets were spent on construction and installation work. Of the total investment in the construction sector, 63.8 percent accounted for the construction of producing facilities, 26.6 percent - facilities in the service industries, 9.6 percent - construction of residential buildings with a total area of 1.087 million square meters. Investments from domestic sources accounted for 71.3 percent of all.
Among all sources of investment, 56.7 percent of the funds were allocated by enterprises and organizations, budget funds accounted for 27.7 percent, personal funds of the population amounted to 7 percent, bank loans – 6.8 percent, extra-budgetary funds - 1.4 percent, the remaining funds - 0.4 percent.
In January-June 2019 the following facilities were put into operation: Syringe plant in the Pirallahi industrial park, DOST Agency and the first administrative building of the DOST center, Gobustan branch of Azerkhalcha OJSC, Gobustan-Poladli highway, Center for Real Estate Services of the State Committee on Property Issues in Baku, SOCAR Carbamide Plant in Sumgayit, Polyethylene plant, Olympic Sports Complex in Beylagan district, History Ethnography Museum,highways Mardakan - Gala, Mingachevir - Mingechevir Station - Bahramtapa - Beylagan and Kebirli - Eyvazalilar - Birinji Ashigli - Alinazarli, two secondary schools for 1,170 students in Nakhchivan Autonomous Republic, pre-school educational institution for 200 students, two outpatient clinics capable of receiving up to 35 people at the same time, two 310-bed hospitals in Shamkir and Gobustan districts and other important facilities.
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