BAKU, Azerbaijan, May 20
By Zeyni Jafarov –Trend:
The volume of funds directed to fixed capital in Azerbaijan from foreign enterprises and organizations in the first 4 months of 2021 grew by 3.5 percent year on year, reaching 1.62 billion manat ($950 million), Trend reports referring to the State Statistical Committee.
According to the committee, over the reporting period, 1.5 billion manat ($880 million, or 92.4 percent of the total volume) of funds directed to the fixed capital from foreign countries and international organizations fell on investors from Turkey, the UK, the US, Switzerland, Norway, Japan, Russia, Iran, France, and Malaysia.
Totally, from January through April 2021, over 3.7 billion manat ($2.1 billion) has been directed to the fixed capital from all financial sources for the development of the socio-economic sphere of Azerbaijan. Of these, more than 2.7 billion manat ($1.6 billion), or 72.5 percent, was spent on production areas, 726.3 million manat ($427.2 million) or 19.4 percent - on service areas, and 304 million manat or $178.8 million (8.1 percent) - on the construction of houses.
In 2020, over 17 billion manat ($10 billion) was directed to the development of the socio-economic sphere of Azerbaijan last year from all financial sources, which is 8.3 percent less than in 2019.
(1 USD = 1.7 AZN on May 20)
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