Baku, Azerbaijan, Dec. 21
By Maksim Tsurkov - Trend:
Around 14.693 billion AZN was invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-November 2014, which is by 0.3 percent more than in the same period of last year, the Azerbaijani State Statistics Committee's report as of 11 months says.
The investments in construction and installation work hit 73.8 percent of a total volume of investments. This index increased by 11.4 percent per annum, the report says.
Around 9.870 billion AZN were invested in the construction of production facilities, 4.822 billion AZN in the catering in January-November. Around 51.7 percent of investments fell to the state enterprises, 48.3 percent - private enterprises.
Around 70 percent of the total volume of investments accounted for domestic investments.
Most (70.2 percent) of domestic investments accounted for state-owned enterprises and organizations, but 29.8 percent - private enterprises.
Around 7.628 billion AZN (51.9 percent of a total volume of investments) of the enterprises' and organizations' funds, 5.717 billion AZN (38.9 percent) - budgetary funds, 494.9 million AZN (3.4 percent) - bank loans, 304.4 million AZN (2.1 percent) - off-budget funds, 482.2 million AZN (3.3 percent) - personal funds of the population and 66.2 million AZN (0.4 percent) - other funds were invested in the fixed assets.
Around 63.1 percent (9.269 billion AZN) invested in fixed assets was directed to develop the non-oil sector. Around 5.424 billion AZN was invested in the oil industry. The investments in oil sector increased by 24.4 percent, but declined by 9.9 percent in the non-oil sector.
Around 45.2 percent of investments accounted for industry, 20 percent - construction, 6.9 percent - state management, 6.1 percent - sports, entertainment and the arts, 3.1 percent - trade, 3.1 percent - education, two percent - agriculture, 2.3 percent - health care, 0.1 percent - real estate transactions, 0.7 percent - communication and information, 1.4 percent - rendering the administrative and additional services, 0.2 percent - financial and insurance activity, 1.2 percent - accommodation of tourists and catering sphere, the report says.
The official exchange rate is 0.7844 AZN/USD Dec. 21.
---
follow the author on Twitter: @MaksimTsurkov
