Investments in Azerbaijan's economy (January-May 2011)

Nearly 3.415.7bln manat was invested in the economy of Azerbaijan in January-May 2011, an increase of 12.1% from the figures of the same period of the last year.

Especially, in May 2011, 826.5 million manat was invested in Azerbaijan's economy, which is 13.2 percent more than investments in May 2010.

The main sources of investments in January-May 2011 are: funds of enterprises and organizations - 1.947.5 billion manat (an increase of 21.8 percent compared with January-May 2010) budgetary funds - 1.023.6 billion manat (with a decrease of 6.1 percent), off-budgetary funds - 100.7 million manat (with a decrease of 34.6 percent), bank loans - 239.8 million manat (with an increase of 2.6 times), the funds of population - 101.9 million manat (a decrease of 6.4 percent).

As seen, the increase in investments in May 2011 is due to an increase of funds of enterprises and organizations and bank loans.

According to the data provided by the State Statistics Committee, private enterprises and organizations invested 1.655.0 billion manat (48.5 percent of total investments) in Azerbaijan's economy and public enterprises and organizations - 1.760.7 billion manat (51.5 percent). Major share of governmental investments are directed at implementing transport and infrastructure projects.

In January-May 2011, investments in the oil sector accounted for 30.5 percent of all capital investments in the economy. Thus, in January-May 2011, the investments in the oil sector totaled 1.043.3 billion manat, while non-oil sector - 2.372.4 billion (69.5 percent).

The gross investments in the industry totaled 1.479.7 billion manat with an increase of 10.1%. About 324.4mln manat was invested in the processing industry (+3.6 times). During the reported period, the gross investments in the extractive sector composed 1.026.5bln manat, which is 1.0% more than investments in 2010. Generally , 43. 3 % of investments fell on the industrial sector .

Investments for repair and construction work made up 1.996.1 billion manat (58.4 percent of total investments in the construction sector). Investment for the construction of production facilities totaled 1.642.8 billion manat, while non-production facilities totaled 1.772.9 billion manat.

Of the total capital investments, 75.9 percent accounted for domestic investment. Most (63.1 percent) of domestic investments was made in the state-owned enterprises and entities, and only 36.9 percent - private enterprises. A total of 3.475.5 billion manat was invested in the construction of facilities financed by the state.

Investment indices in January-April 2011 :

(Source: State Statistics Committee and calculations by Trend)

Amount in mln manats

Percentage

Investments in total

3415,7

100,0

Foreign investments

821,6

24,1

Foreign investments

2594,1

75,9

Total amount of foreign investments in Azerbaijan's economy hit 821.6 million manat in January-May 2011, which is 20.7 percent more compared to the same of period of last year. Great Britain continues to keep leading positions on the amount of investments in Azerbaijan. The country's share in amount of the foreign investments hit 48.4 percent. British investments hit 397.2 million manat.

In January-May 2011, 92.1 percent (756.8 million manat) of investments of foreign countries and the international organizations in the Azerbaijani economy accounted for investors from Great Britain, the U.S., Japan, France, Norway, Czech Republic, Korea, Turkey.

Countries

January-May 2011, ths. manat

Specific weight , %

Total international investments

821553,2

100,0

Including :

Great Britain

397240,4

48,4

USA

135696,1

1 6 ,5

Japan

82210,1

10,0

Norway

46305,3

5 ,6

Czech Republic

25445,4

3,1

Turkey

39476,2

4 ,8

France

21086,2

2,6

Korea

9339,3

1,1

Switzerland

3188,4

0,4

Saudi Arabia

2396,4

0,3

Italy

237,6

0,0

Luxemburg

60,3

0,0

Of the international financial institutions, the biggest amount of investments was allocated by WB in amount of 37.4 million manat with weight of 4.6 percent. WB projects cover different spheres of the country's economic life.

International financial organizations

January-May 2011, in ths manat

Special weight

World bank

37412,8

4,6

Asian Development Bank

20038,5

2,4

Islamic Development Bank

1420,2

0,2

Facilities to be put into operation at Iran's Ilam Airport
Facilities to be put into operation at Iran's Ilam Airport
Cargo movements in Iran’s Chabahar port down
Cargo movements in Iran’s Chabahar port down
Iran’s CBI discloses amount of currency sold at NIMA exchange rate
Iran’s CBI discloses amount of currency sold at NIMA exchange rate
Loading Bars
Latest
Facilities to be put into operation at Iran's Ilam Airport
Fitch Ratings shares forecast for Azerbaijan's 2021-2022 external public debt
Baku Higher Oil School hosts webinar ‘Women in Engineering: Challenges and Opportunities’ (PHOTO)
Batumi International Airport of Georgia receives first passenger flight after reconstruction
Azerbaijan's Azerishig to purchase metal structures
Russia reports 8,554 COVID-19 cases over the past day
New type power units at Uzbekistan’s Turakurgan TPP to increase electricity production
UAE airlines Etihad, flydubai cancel Tel Aviv flights
Kazakhstan's int'l reserves grow
Georgia introduces new requirements for registration of trucks, buses, and minibusses
Third oil loading berth for Turkmenistan’s Turkmenbashi oil refinery under construction
Monument to famous Azerbaijani singer to be soon installed in Baku (Exclusive) (PHOTO)
Value of coupon payments to investors in Azerbaijan soars - National Depositary Center
Uzbekistan reveals companies interested in construction of solar power plant in Surkhandarya region
Carbon neutrality in 2045 requires managing increasing quantities of decarbonized biogas
UK to make final lockdown easing decision on June 14
French company eyes to co-op with Uzbekistan in using new technologies in agriculture
Bollywood: Big B buys oxygen concentrators, donates ventilators
Germany to finance implementation of projects in Uzbekistan in several areas
Direct delivery of Uzbek export goods to Pakistan implemented through Afghanistan
Uzbekistan, Tajikistan eye increasing trade turnover
Airport in Uzbekistan opens tender for supply of towbar
Cargo movements in Iran’s Chabahar port down
Uzbek finance ministry becomes sole shareholder of Uzbekistan Railways
Uzbekistan eyes attracting Japanese companies for joint production of branded footwear
Airport in Uzbekistan to buy spares for vehicles via tender
Azerbaijan enhancing information security of banks
Weekly review of Turkmenistan’s exchange
Iran’s CBI discloses amount of currency sold at NIMA exchange rate
One of violators of Azerbaijan's state border arrested - Prosecutor General’s Office
Munitions found in Azerbaijan's Khojavand district
Tesla crash victim lauded 'full self-driving' in videos on Tiktok
Central Bank of Azerbaijan unveils volume of lending to government agencies
Azerbaijan sees increase in gold price
Azerbaijani cotton processing plant undergoing reconstruction
ACG oil transshipment from Ceyhan terminal exceeds 75 mb YTD
Azerbaijan demonstrates high growth rates in mobile infrastructure dev't - GSMA Association
Second Sputnik V shipment delivered in India
Israeli, Palestinian delegates to attend UN Security Council’s meeting on May 16
Kazakhstan increases imports of Switzerland-made goods
Georgian Nadi Group Ltd snail farm increases production
Georgia researching manufacturing of airplane parts and repair services
Georgian Dzuguri company to resume production of mineral water
Austria's 4M2021 import value of Turkish grains grows
Azerbaijan boosts import of Turkish-made chemicals
Uzbekistan, Dominica establish diplomatic relations
Turkey sees increase in exports of electrical goods to Georgia
Azerbaijani currency rates for May 16
U.S. fuel crisis eases as pipeline returns to normal after hack
Turkey sees increase in clothes exports to Germany
Iran to pass new water law bill
Uzbekistan reveals COVID-19 data for May 16
Iran to revive thousands of stagnant industrial units
Walmart to buy Israeli virtual fitting room co Zeekit
Azerbaijani Armed Forces begin training exercises
Iran increases wheat purchase guarantee rate
Volume of loans issued to Azerbaijan's public organizations decrease
Iran-Switzerland trade depends on JCPOA talks- official
Razi Co. among top three Iranian insurance companies - CEO
OPEN NET internet project to continue in Georgia - PM
It is Armenia that violates internationally recognized borders of Azerbaijan - MFA
Azerbaijan's 4M2021 inflation rate disclosed
Britain to treble tree planting by 2024 to fight climate change
Switzerland sees potential in strengthening co-op with Azerbaijan in energy field
Argentina's COVID-19 death toll exceeds 70,000
Israel hits Hamas politburo leader’s house in Gaza
Turkey registers 11,472 new COVID-19 cases
SpaceX launches rocket with 54 satellites
Brazil reports 2,087 more COVID-19 deaths
France hits target of 20 mln first COVID-19 vaccinations: PM
Air raid sirens go off, explosions heard in Tel Aviv
9 missing in Indonesia's boat accident
IS claims responsibility for Kabul mosque attack
More than 677,000 COVID-19 infections detected worldwide over past 24 hours
Chamber of Commerce hopes Iran's trade to improve as COVID-19 spread declines
Iran to hold conference on electrical engineering
Weekly review of Azerbaijani oil market
Uzbekistan to restore air communication with Saudi Arabia
Georgian Parliament Speaker to pay official visit to Brussels
Britain reports 2,027 new COVID-19 cases, seven deaths
Emergency session of OIC to be held on May 16 at Turkey’s initiative, Ankara says
Turkey aims to create electric vehicle market
Uzbekistan imported more than 200 million liters of gasoline in Jan-Apr 2021
Iranian, Spanish FMs exchange views on economic, trade coop.
Kazakh, Polish, Ukrainian and Arabian airlines to resume flights to Batumi
All international airlines halt air service with Israel
IDF confirms its strike on Gaza building after advance warning to civilians
Azerbaijani and Tajik FMs discuss situation on Azerbaijani-Armenian border
Fitch Ratings forecasts inflation rate in Azerbaijan for 2021-22
Nordwind launches direct flights from St. Petersburg to Baku from May 18
US ambassador to Azerbaijan, USAID director meet with Azerbaijani MP
Shooting occurred on border with Iran, two Azerbaijani border guards were killed
Suez Canal starts dredging work to extend double lane
At least 2,300 missiles fired at Israel from Gaza Strip since May 10
Africa's COVID-19 cases pass 4.67 mln: Africa CDC
Turkish Airlines resumes flights to Azerbaijan's Ganja (PHOTO)
Azerbaijan shares data on number of vaccinated citizens for May 15
France's import value of Turkish cement rises
Azerbaijan confirms 377 more COVID-19 cases, 1,318 recoveries
Azerbaijan's government budget deficit to narrow in 2021-2022 - Fitch Ratings
All news