AZN 1.5B invested in Azerbaijan’s non-oil sector in Q1

AZN 1.5B invested in Azerbaijan’s non-oil sector in Q1
  • Clock-gray 11:36
  • calendar-gray 13 April 2018

In January-March 2018, AZN 2,869,200,000 million was invested in Azerbaijan’s fixed capital from all financial sources, of which AZN 1,456,200,000 or 50.8% was invested in non-oil sector, up 41.2% from previous year, said the State Statistical Committee.

 

State Statistical Committee told APA-Economics that 75.8% of these funds were spent to construction of production facilities, 18.2% to construction of facilities on service areas, 6% to construction of residential houses with the total area of 383,200 m². Domestic investments amounted to 51.7% of total investments.

 

In the structure of investments in the fixed capital 60.4% made up investments of enterprises and organizations, 13.7% bank loans, 19.4% budget funds, 0.6% off-budget funds, 5.4% private funds, and 0.5% other funds.

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