BAKU, Azerbaijan, July 20
By Zeyni Jafarov - Trend:
The funds allocated to fixed assets in Azerbaijan by foreign enterprises and organizations decreased by 5.9 percent in the first half of 2021 compared to the same period of last year and amounted to 2.3 billion manat ($1.3 billion), Trend reports on July 20 with reference to the data of the State Statistics Committee.
According to the State Statistics Committee, 88.2 percent of funds (2.03 billion manat $1.2 billion) directed to the fixed assets in Azerbaijan from foreign countries and international organizations accounted for the share of investors from Turkey, UK, US, Switzerland, Norway, Japan, Russia, Iran, France and Malaysia.
In general, 5.9 billion manat ($3.5 billion) were allocated to fixed assets from all financial sources for the development of the socio-economic sphere of Azerbaijan from January through June 2021. Some 4.06 billion manat $2.4 billion (68.7 percent) of that volume accounted for production areas, 1.4 billion manat $823 million (23.4 percent) - for service areas, 469 million manat $275 million (7.9 percent) - for construction of houses.
Some 17.03 billion manat ($10.01 billion) was directed to the development of the Azerbaijani socio-economic sphere last year from all financial sources, which is by 8.3 percent less than in 2019.
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