In January to June 2006 a total of 2,626,7m new manats ($2918.6m on average exchange rate of 0.90 AZN per 1 USD), has been invested in the Azerbaijani economy, which is 7.9% up as compared to the amount of investments put in 2005.
In June 2006 442.6m AZN ($491.8m) of capital investments has been invested in the Azerbaijani economy with a growth pace of 3.7% as compared to last year, while they dropped 14.2% as compared to May 2006.
According to the State Statistics Committee, 1042.4m manats ($1158.2m) has been invested at the expense of internal sources. Special weight of internal investments made up 39.7%. Foreign investments constituted 1584.3m AZN ($1760.3m)
Investment indices in January to June 2006
|
Amount in mln manats (AZN) |
Special weight, % | |
|
Investments in total |
2 626,7 |
100,0 |
|
Foreign investments |
1 584,3 |
60,3 |
|
Internal investments |
1042,4 |
39,7 |
Investments put in major capital at the expense of funds of enterprises and organizations made up 1,994,3m manats (with 6.9% drop), banking credits 197.2m manats (+73.6%), budget funds 204.2m manats (+3.4%), non-budgetary funds 40.3m manats (2.7 times).
In compliance with the decree of the Cabinet of Ministers dated 8 February 2006 it is planned to allocate 611m AZN for the implementation of construction work at the expense of the budget funds.
168.3m manats has been put in the construction of facilities, financed at the expense of budget funds, or 19.1% more than the target. 94.3% of all investments was directed at construction and repair work.
Investments directed at repair and construction work rose 10% and made 1372.1m manats. 2,233,7m manats (85%) has been directed for the construction of production facilities, while 393m manats (15%) non-production facilities
1618.8m manats (61.6%) of all investments was directed at the development of the oil sectorР°, 1007.9m manats (38.4%) non oil sector. the investments in the non-oil sector rose 58.8% as compared to last year.