According to the Azerbaijani State Statistics Committee, around 2.877 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-March 2016 or by 11.1 percent less than in the same period of 2015.
Around 1.042 billion manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in March 2016 or by 32.2 percent less than in the same period of 2015.
The main sources of investments in January-March 2016 are as follows:
- funds of enterprises and organizations - 2.464 billion manat (a 19.7 percent less compared to January-March 2015;
- budgetary funds - 132 million manat (a 82 percent less);
- off-budgetary funds - 19.3 million manat (a 78.4 percent less);
- bank loans - 172.8 million manat (a 56.2 percent more);
- funds of population - 86.4 million manat (a 18.9 percent less)
The investments made in the country's economy decreased in January-March 2016 in all sources of financing, with the exception of bank loans.
The investment from the state budget has decreased by 82 percent due to saving the state funds since early 2016.
According to the State Statistics Committee's report, the private businesses and organizations invested 84.9 percent of total investments in the fixed capital, but the state businesses and organizations - 15.1 percent.
The investments in construction and installation work for the period amounted to 70 percent of the total investments.
The investments worth 2.530 billion manat were made in the construction of production facilities, 222.1 million manat (7.7 percent) in the non-production facilities, housing construction - 125 million manat (4.4 percent).
Some 626.4 million manat (21.8 percent) of the funds invested in the fixed capital were directed in the development of the non-oil sector. Some 2.250 billion manat (78.2 percent) were invested in the country's oil sector.
The investments in the oil sector increased by 47 percent for the year.
The total investments in the Azerbaijani industrial sector amounted to 2.308 billion manat or by 12.8 percent less compared to January-March 2015.
The investments in extractive industry totaled 2.251 billion manat or by 6.5 percent less than in January-March 2015.
The investments in production, distribution and supply of electricity, gas and heat amounted to 27.2 million manat in January-March, which is 2 percent less than in the same period of 2015.
Some 31.3 percent of the total investments accounted for the domestic investments.
Investment indices in January-March 2016:
(Source: State Statistics Committee and calculations by Trend")
|
Amount in mln manat |
Specific weight in percent |
|
|
Investments in total |
2876,8 |
100,0 |
|
Foreign investments |
1975,9 |
68,4 |
|
Domestic investments |
900,9 |
31,3 |
The total amount of foreign investments in Azerbaijan's economy amounted to 1.976 billion manat in January-March 2016 or by 35 percent more compared to January-March 2015.
An increase in foreign investments is a positive factor and points to the fact that an attractive country, Azerbaijan is a potential for foreign investors.
Around 88.4 percent (1.746 billion manat) of investments in Azerbaijan's economy made by foreign countries and international organisations fell to investors from the UK, Russia, Malaysia, Turkey, Sweden and Iran in January-March 2016.
The UK is Azerbaijan's largest investor. Currently, 473 companies with the British capital are operating in the country. The UK companies act as contractors in the projects being implemented in Azerbaijan. Azerbaijan and the UK successfully cooperate in various sectors of the economy, namely, banking, ICT, water supply, tourism, health care.
The largest amount of foreign investments in Azerbaijan's fixed capital in January-March was made in March - 734.8 million manat, while the smallest amount in February - 611.7 million manat.
The largest amount of foreign investments in total investments made in Azerbaijan's fixed assets in January-March was registered in January - 71.5 percent of total investments made in fixed capital. The smallest amount was recorded in February - 64.1 percent.