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Investments to real sector

Analysis Materials 11 April 2008 12:04 (UTC +04:00)

Nearly AZN 859.9mln ($1023.7mln) was invested in the economy of Azerbaijan over the period of January and February 2008, an increase of 20.5% from the figures of the last year, the State Statistics Committee of Azerbaijan reported.

According to the State Statistics Committee, in January to February 2008 a total of 463.5mln manats ($551.8mln) has been invested at the expense of internal sources, or 42.7% more than 2007. Special weight of internal investments made up 53.9%. Foreign investments constituted 46.1%.

Some 97% (AZN 384.3mln) out of the investments by the foreign countries and international organizations into the economy of Azerbaijan falls on Great Britain, the USA, Japan, Norway, Turkey and France. The highest specific weight of the investment falls on Great Britain, which totals 49.6% (AZN 196.497mln), an increase of 11.4% as compared to the same period of 2007.

The U.S. investments decreased by 2.9% and made up AZN 86.779mln (with 21.9% specific weight), Japanese - 3.6% and AZN 45.33mln (11.4%), Norwegian - 4.6% and AZN 28.634mln (7.2%), Turkish - 2.4% and AZN 22.476mln (5.7%), French - 7.8% and AZN 4.598mln (1.2%).

Of the international financial institutions, the highest amount of the investments fell on the World Bank totaling AZN 7.338mln, an increase of 99.3% (with 1.9% specific weight).

This year Asian Development Bank allocated AZN 1.569mln (0.4%) for the realization of projects in Azerbaijan, Kuwait Fund for Economic Development - AZN 0.536mln (0.1%), Islamic Development Bank - AZN 0.77mln with a growth of 12.7 times.

Investment indices in January-February 2008

Source: State Statistics Committee and calculation by Trend

  Amount in mln manats (AZN) Special weight, %
Investments in total 859,9 100,0
Foreign investments 396,4 46,1
Internal investments 463,5 53,9

Major sources of investing were funds of enterprises (AZN 531.5mln with a decrease of 8%), banking credits (AZN 17.7mln with a drop of 17.1%), community funds (AZN 19.1mln with a growth of 0.4%), budget funds (AZN 259.8mln with a rise of 3.5 times), non-budgetary funds (AZN 31.5mln with a raise of 51.6%) and others (AZN 0.3mln with a rise of 20.8%).

AZN 482.5mln was allocated for the oil sector (56.1%) and AZN 377.4mln (43.9%) - non-oil sector. The investments for the non-oil sector increased by 67.8% as compared to the same period of 2007.

Of the investments allocated in January to February, some 59.1% was invested in development of industry spheres, 1.1% - agriculture, 0.1% - trade and services, 25% -transport, 1.1% - communications, 5.5% - construction of buildings, 0.7% - education, 1% - health care and 6.4% - other spheres.

Some AZN 255.9mln (9.1% of investments for 2008) was invested in the construction of the facilities being financed by Public budget.

The investments for the repair and construction works amounted to AZN 448.1mln, an increase of 17.9%. AZN 750.5mln (87.3%) have been invested in the construction of the production facilities and AZN 109.4mln (12.7%) - non-production facilities.

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