According to the Azerbaijani State Statistics Committee, around 954.2 million manat was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January 2017, which is by 2.1 percent less than in January 2016.
According to the report, 89.3 percent of investments in fixed assets were made in the construction of production facilities, 7.7 percent - non-production facilities, 3 percent - housing construction.
The main sources of investments in January 2017 are as follows:
- funds of enterprises and organizations – 805.5 million manat (15.6 percent less compared to January 2016;
- budgetary funds – 33.2 million manat (86.9 percent more);
- off-budgetary funds – 8.4 million manat (29.2 percent less);
- bank loans – 78.6 million manat (28.8 percent more);
- funds of population – 28.1 million manat (11.4 percent less)
The investments made in the economy decreased in January 2017 in all sources of finance, except investments in bank loans and budgetary funds. The investments made from the state budget have increased by 86.9 percent since early 2017 as the funds were spent for important state projects.
According to the State Statistics Committee’s report, the private businesses and organizations invested 82 percent of total investments in the fixed capital, but the state businesses and organizations – 18 percent.
Some 70.6 percent of the total investments were made in construction and installation work for the reporting period.
Some 202.7 million manat (21.2 percent) out of the funds made in the fixed capital were invested in the country’s non-oil sector in January 2017.
Some 751.5 million manat (78.8 percent) were invested in the country’s oil sector in January 2017 compared to 675.5 million manat in the same period of 2016.
The total investments worth 783.9 million manat were made in the Azerbaijani industrial sector in January 2017, which is by 2.2 percent more compared to January 2016.
The total investments worth 748.6 million manat were made in the country’s extractive sector in January 2017, which is by 1 percent less compared to January 2016.
The investments worth 10.9 million manat were made in production, distribution and supply of electricity, gas and heat in January 2017, which is by 27.8 percent more than in January 2016.
Some 31.5 percent of the total investments accounted for the domestic investments.
Investment indices in January 2017:
(Source: State Statistics Committee and calculations by Trend”)
|
Amount in mln manat |
Specific weight in percent |
|
|
Investments in total |
954,2 |
100,0 |
|
Foreign investments |
654,1 |
68,5 |
|
Domestic investments |
300,1 |
31,5 |
The foreign investments worth 654.1 million manat were made in Azerbaijan's economy in January 2017, which is by 3.9 percent more compared to January 2016.
An increase in foreign investments is a positive factor and points to the fact that Azerbaijan is a potential for foreign investors.
The investments worth around 638 million manat (97.5 percent) made in Azerbaijan's economy by foreign countries and international organisations accounted for investors from the UK, Russia, Malaysia, Turkey, Sweden, Japan, US and Iran in January 2017.
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.