Investments

Stable development of Azerbaijan's economy under the conditions of global financial crisis attracts world community in investing in the country. This is testified by frequent visits of foreign businessmen to Azerbaijan to study the investment possibilities and Republic's potential.

Thus, nearly 2159.1mln manat was invested in the economy of Azerbaijan in January to April 2009, an increase of 5.2% from the figures of the previous year. Especially, in April 520.2mln manat was invested in Azerbaijan's economy, an increase of 24.4%. The forecast of investments for 2009 totals 8368.9mln manat with a decrease of 0.7%, and the factual investments in January to April made up 25.8%.

Major sources of investing were funds of enterprises and organizations (876.9mln manat with drop of 23.2% compared to 2008), budget funds (998.9mln manat, with a rise of 48.2%), non-budgetary funds (136.5mln manat with a rise of 19.2%), bank credits (64.8mln manat with a rise of 1.2%) and community funds (81.9mln, with a rise of 42 percent).

According to the data provided by the State Statistics Committee, private enterprises and organizations invested 668.2mln manat (30.9% of total investments) in Azerbaijan's economy and public enterprises and organizations - 1.490.9mln manat (69.1%). As known, the basic share of the public investments is directed towards realizing transport and infrastructure projects, and despite the long character of crisis, works on already commenced projects will be continued

In January to April 2009, the investments in the oil sector made up 29.1% of capital investments to country's economy. The investments in the oil sector composed AZN 628.7mln manat, in non-oil sector - 1.530.4mln manat (70.9%), which is 40.8% more than the 2008 figure.

The gross investments in the industry totaled 841.8mln manat with a drop of 23.8%. About 73.5mln manat was invested in the processing industry (+53.6 times).

During the reported period, the gross investments in the extractive sector composed 619.2mln manat, which is 34.8% less than investments during the same period of 2008. Generally, 39 percent of investments fell on the industrial sector.

Investments in the electricity, gas and water sectors composed 149.1mln manat (+38.5%), transport, store and communications - 791.3mln manat (+54 percent), including 764.6mln manat (+60.3 percent) in the transport and 26.7mln manat (-27.2 percent) in the communications. Investments in the operation with real estate comprised 180.2mln manat (+36.5 percent), including in the housing construction - 142.6mln manat (+15.3 percent). Investments in the agriculture totaled 75.4mln manat, increasing by 54.7%.

Investments in the repair and construction work amount to 1.505.3 million manat, or 29 percent more as compared to the same period of 2008. A total of 1.765.4 million manat has been invested in building manufacturing facilities and 393.7 million manat on non-manufacturing facilities.  

Some 952.4mln manat was invested in the construction of the facilities being financed by 2009 Public budget (20.2 percent of the total assignments for 4.718 million manat.

Foreign investments with special weight of 17.5% amounted to 378.6mln manat which is equivalent to 20.1% of their annual forecast at 1883.1mln manat. Internal investments with special weight 82.5% totaled 1.780.3mln manat. Internal investments increased by 40%, while foreign investments reduced by 51 percent.   

Major part of internal investments (81.4 percent) was invested by state-run enterprises and organizations, and only 18.6 percent- private enterprises.

                                                   Investment indices in 2009

(Source: State Statistics Committee and calculation by Trend)

Amount in mln manats

Percentage

Investments in total

2159,1

100,0

Foreign investments

378,6

17,5

Foreign investments

1780,5

82,5

Great Britain continues to maintain leading position for the amount of the investments in Azerbaijan with percentage in the foreign investments at 45.8 percent (173.3 million).

In January to April (352.4 million manat) of the investments by the foreign countries and international organizations in the economy of Azerbaijan accounted for investors from the United Kingdom, the U.S., Japan, Norway, France and Turkey.

Countries

January to April 2009, ths. manat

Specific weight, %

In total

378551,2

100,0

Including

UK

173306,7

45,8

USA

87142,0

23,0

Japan

35500,3

9,4

Norway

22249,1

5,9

Turkey

17760,1

4,7

France

16470,1

4,3

Czech Republic

6588,2

1,7

Republic of Korea

1536,2

0,4

Switzerland

456,5

0,1

Kazakhstan

343,1

0,1

Italy

241,3

0,1

Austria

229,0

0,1

Germany

0,5

0,0

The highest amount of the investments among the international financial institutions, accounted for the World Bank at 14.02 million manat (with 3.7 percent). WB projects cover different fields of the country's economy.

The highest amount of the investments among the international financial institutions accounted for the World Bank at 14.02 million manats (with 3.7 percent).

International financial organizations

January to April 2009, in ths manat

Special weight

World Bank

14016,3

3,7

Islamic Development Bank

882,0

0,2

Asian Development Bank

1368,4

0,4

Kuwait Fund for Economic Development

461,4

0,1

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