BAKU, Azerbaijan, July 2
By Zeyni Jafarov –Trend:
The volume of funds directed to fixed capital in Azerbaijan from foreign enterprises and organizations in the first 5 months of 2021 slightly decreased, Trend reports referring to the State Statistical Committee.
According to the committee, this indicator shrank by 3.5 percent year on year, amounting to 1.95 billion manat ($1.15 billion).
Over the reporting period, more than 1.7 billion manat ($1 billion, or 90 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 May 2021, 4.9 billion manat ($2.8 billion) has been directed to the fixed capital from all financial sources for the development of the socio-economic sphere of Azerbaijan. Of these, almost 3.4 billion manat ($2 billion, or 69.1 percent), was spent on production areas, 1.14 billion manat ($670 million, or 23.3 percent) - on service areas, and 371.6 million manat ($218.6 million, or 7.6 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 July 2)
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