Investments in Azerbaijan's economy (January-August 2013)

According to the Azerbaijani State Statistics Committee, around 10.4 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-August 2013, which is by 22.7 percent more than in the same period of last year. It indicates sustainable investment activity in the country.

In particular, around 1.600 billion manat were invested in the Azerbaijani economy in August 2013, which is by 27.2 percent more than investments in fixed assets in August 2012. Until 2015, we will observe a steady increase in investment in capital construction because of the growth of building, rehabilitation and reconstruction work in preparation for the first European Olympic Games-2015 in Azerbaijan.

The main sources of investments in January-August 2013 are as follows:

funds of enterprises and organizations - 4.309.3 billion manat (an increase of 20.2 percent compared to January-August 2012;

budgetary funds - 4.864.7 billion manat (an increase of 25.2 percent);

off-budgetary funds - 370.7 million manat (an increase of 5.7 percent);

bank loans - 552.7 million manat (an increase of 41.4 percent);

funds of population - 255.3 million manat (an increase of 21.4 percent)

Apparently, an increase in investments in January-August 2013 is related to the increased investment activity of all financial sources. In general, an increase in investment was related to the investment activity at the expense of the budget funds, most of which are directed at infrastructure construction. The increased investment activity on bank loans must be stressed.

According to the State Statistics Committee, private enterprises and organizations invested 3.9 billion manat (37.5 percent of total investments) in the capital stock, and public enterprises and organizations - 6.5 billion manat (62.5 percent).

According to the committee, investments in construction work grew by 35.4 percent. Investments worth 5.2 billion manat were made in construction of production facilities and 5.2 billion manat - in non-production facilities.

About 70.7 percent of funds invested in capital stock, or 7.336.6 billion manat, were directed at the development of the non-oil sector. Investments in the oil sector comprised 3.042.2 billion manat (29.3 percent). Investments in non-oil sector increased by 19 percent, while 32.6 percent in the oil sector.

The total investments in the industry totaled 4.505.1 billion manat with an increase of 42 percent. About 595.7 million manat were invested in the processing industry (an increase of 78.5 percent). During the reporting period, the investments in the extractive sector hit 3.049.2 billion manat, which is 32.4 percent more than investments in January-August 2012. Totally, 43.4 percent of investments fell to the industrial sector.

Around 74.8 percent of the total capital investments accounted for domestic investments. This is a positive index, primarily, because it shows the growing financial potential of the country.

Most (78.5 percent) of domestic investments was made in the state-owned enterprises and entities, and only 21.5 percent in private enterprises.

Investment indices in January-August 2013:

(Source: State Statistics Committee and calculations by Trend")

Amount in bln manat

Specific weight in percent

Investments in total

10,4

100,0

Foreign investments

2,6

25,0

Domestic investments

7,8

75,0

The total amount of foreign investments in Azerbaijan's economy amounted to 2.6 billion manat in January-August 2013 or by 52.9 percent more compared to January-August 2012.

The growth of foreign investments in the country shows that Azerbaijan is a very reliable partner and a very attractive country for foreign investors. The economic reforms, economic liberalization, increasing the credit rating of Azerbaijan by the world leading rating agencies, the policy of integration into the world economy contribute to the growth of foreign investments.

Around 84.8 percent (2.219.4 billion manat) of investments in Azerbaijan's economy made by foreign countries and international organisations fell to investors from the UK, USA, Japan, Norway, Turkey and the Czech Republic in January-August.

As previously, the UK continues to maintain a leading position in the list of foreign investors in Azerbaijan. Its share in the total foreign investment was 37.1 percent, while investments totalled 971.3 million manat.

Countries

Jan.-Aug. 2013, thousand manat

Specific weight, %

Total international investments

2618170,9

100,0

Including:

Great Britain

971278,0

37,1

USA

308394,0

11,8

Norway

305033,1

11,7

Japan

259981,5

9,9

Czech Republic

214215,5

8,2

Turkey

160466,0

6,1

France

90781,9

3,5

Russia

72293,8

2,8

Iran

72293,8

2,8

Singapore

14533,8

0,5

South Korea

6072,0

0,2

Germany

1327,1

0,1

Netherlands

1011,5

0,0

Italy

172,5

0,0

Luxembourg

10,8

0,0

The biggest amount of investments of the international financial institutions was allocated by WB to the amount of 93.5 million manat in a special weight of 3.5 percent. WB projects cover different spheres of the country's economic life.

International financial organizations

Jan.-Aug. 2013, thousand manat

Specific weight, %

World Bank

93531,9

3,5

Asian Development Bank

36850,0

1,4

Islamic Development Bank

7770,6

0,3

Council of Europe

2153,1

0,1

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