Baku, Azerbaijan, July 15
By Zulfiyya Gurbanova - Trend:
About 7.626 billion AZN was invested from all financial sources in the development of Azerbaijan's economic and social spheres in January-June 2014, which is 3.4 percent more than in the same period of 2013, the country's State Statistical Committee said in its report.
The investments in the construction and installation work increased by 10.7 percent and accounted for 69.5 percent of the total volume of investments during the reporting period, according to the committee.
As many as 5.179 billion AZN was invested in the construction of production facilities, while 2.447 billion AZN was invested in the construction of facilities in the service sector during the reporting period.
Around 49.2 percent of investments fell to state enterprises, while 50.8 percent of investments fell to non-state enterprises.
Some 70.7 percent of the total volume of investments fell to domestic investments, while about 66.1 percent of domestic investments fell to state enterprises and 33.9 percent - private enterprises.
The main sources of investments in January-June, 2014 are as follows:
• funds of enterprises and organizations - 4.240 billion AZN (55.6 percent of the total volume of investments);
• budgetary funds -2.718 billion AZN (35.6 percent);
• off-budgetary funds -135 million AZN (1.8 percent);
• bank loans - 273.9 million AZN (3.6 percent);
• funds of population - 220 million AZN (2.9 percent);
• other funds - 39.1 million AZN (0.5 percent).
Some 61.2 percent (4.664 billion AZN) of the total volume of investment in the fixed capital, fell to the development of the non-oil sector (a decrease by 8.9 percent), while around 619.2 million AZN (8.1 percent of the total volume of investments) were made in the non-oil industrial sector.
Around 2.962 billion AZN (38.8 percent) were made in the country's oil sector, which is 31.4 percent more than in the same period of 2013.
Some 47 percent of the investments fell to the industry, 18.8 percent - construction, 7.3 percent - state management, 7.2 percent - transportation and warehousing, 4.6 percent - recreation, entertainment and the arts, 4.6 percent - trade and repair of vehicles, 3.1 percent - education, 1.8 percent - health care and social services, 1.6 - administrative and support services, 1.5 percent - tourist accommodation and catering sphere, 0.8 - communication and information, 0.4 percent - services in other spheres, 0.2 percent - real estate transactions, 0.1 percent - financial and insurance activities.
The official exchange rate on July 15 is 0.7844 AZN/USD.
Edited by CN
