BAKU, Azerbaijan, Feb. 19
By Zeyni Jafarov - Trend:
The fixed capital of Azerbaijan received 346.5 million manat ($203.8 million) of funds from foreign enterprises and organizations in January 2021, Trend reports referring to the State Statistical Committee.
According to the committee, this figure is 10.6 percent less than in the same month of 2020.
Besides, 337.1 million manat ($198.3 million) or 97.3 percent of funds allocated to fixed assets at the expense of foreign countries and international organizations belong to investors from Turkey, Russia, UK, US, Norway, Japan, India, Malaysia, and Iran.
Totally, 724 million manat ($425.8 million) of funds were allocated to the fixed capital from Azerbaijan's all financial sources to develop the country's socio-economic sphere in January 2021. In the structure of investments, about 583 million manat ($342.9 million) or 80.5 percent of all investments were spent on the production areas, 80.7 million manat ($47.4 million) or 11.2 percent on service zones, and 60.3 million manat ($35.4 million) or 8.3 percent on the construction of residential buildings.
Slightly over 17 billion manat ($10 billion) of funds were allocated for fixed capital from all financial sources to develop Azerbaijan's socio-economic sphere.
(1 USD = 1.7 AZN on Feb.19)
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