PremiumInvestments in Azerbaijan's economy (january-october 2010)

Nearly 7057.8mln manat was invested in the economy of Azerbaijan in January-October 2010, an increase of 14.8% from the figures of the previous year.

Especially, in October 900mln manat was invested in Azerbaijan's economy, which is 24.4% more than investments in the main capital in October 2009.  

The forecast of investments for 2010 was set at 11315.8 million manat with growth of 12.5 percent, and actual investments for January-October totaled 66.9 percent of forecast for the year, and their growth was at 2.3 percent higher than expected.

The main sources of investments for January-October 2010 are: funds of enterprises and organizations - 3762.7mln (increasing by 23 percent compared with January-October 2009); budget - 2243.9 million  (with an increase of 1.9 percent), off-budgetary funds - 402.6mln manat (with growth of 1.7 percent), bank loans - 348.1 million manat (increasing by 20.4 per cent), funds of the population - 287.1 million manat (with growth of 42.3 percent), other resources - 13.4 million manat (with increase of 33.5 times).

As seen, the increase in investment in January-September 2010 compared to the same period of last year is due to an increase in all investments, except the budget and community funds.

According to the data provided by the State Statistics Committee, private enterprises and organizations invested 3047.5 million manat (43.1 percent of total investments) in Azerbaijan's economy and public enterprises and organizations - 4010.3 million manat (56.8 percent). Major share of governmental investments are directed at implementing transport and infrastructure projects. Despite lingering crisis, work over the ongoing projects continues and new projects are realized.   

Investments in the oil sector made up 32.3 percent of capital investments to country's economy (2280.7 million manat), non-oil sector - 67.7 percent (4777.1 million manat).

The gross investments in the industry totaled 3129mln manat with an increase of 26.4%. About 331.9mln manat was invested in the processing industry (+31.7 percent). During the reported period, the gross investments in the extractive sector composed 2275.7mln manat, which is 33.7% more than investments in 2009. Generally, 44.3% of investments fell on the industrial sector. 

Investments for repair and construction works made up 65.1%, totaling 4591.7 million manat. Investment for the construction of production facilities totaled 3589.1 million manat, while non-production facilities totaled 3468.7 million manat.

Foreign investments with special weight of 24.0 percent amounted to 1697.8 million manat, increasing by 41.5 percent as compared to the same period of the last year. The special weight of internal investments made up 76 percent.   

Investment indices in January-October 2010:

(Source: State Statistics Committee and calculations by Trend)

Great Britain continues to keep leading positions on amount of investments to Azerbaijan. Weight of the country in amount of foreign investments hit 52.2 percent in January-October 2010, state statistical committee said. British investments hit 886.5 million manat.  

Roughly 94.1 percent (1597.8 million manat) of investments of foreign countries and the international organizations to the Azerbaijani economy fall on share of investors from Great Britain, the USA, Japan, Norway, Turkey, Korea and France.

The biggest amount of investments was allocated by WB in amount of 63.3 million manat with weight of 3.8 percent. WB projects cover different spheres of the country's economic life.