BAKU, Azerbaijan, March 17
By Eldar Janashvili – Trend:
Over 1.9 billion manat ($1.1 billion) was allocated to the fixed capital from all financial sources to develop the socio-economic sphere of Azerbaijan from January through February 2020, Trend reports referring to the data of the State Statistical Committee.
About 68.3 percent of all investments were spent on the production of goods, 20.6 percent – on services and 11.1 percent – on the construction of residential buildings. Domestic capital investments accounted for 58.3 percent of the total investment.
In the total cost of capital investments, enterprises and organizations provided 65.3 percent, budget funds accounted for 17.1 percent, private funds - seven percent, bank loans - 5.1 percent, other funds - 3.1 percent, and non-budgetary funds - 2.4 percent.
(1 USD = 1.7 AZN on March 17)
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