AZN 10B invested in Azerbaijan’s fixed capital this year

AZN 10B invested in Azerbaijan’s fixed capital this year
  • Clock-gray 10:42
  • calendar-gray 15 September 2017

In January-August 2017, AZN 9,868.5 million was invested in Azerbaijan’s fixed capital from all financial sources, up 0.1% from previous year, said the State Statistical Committee.

 

Of this, AZN 5,969,900,000 was invested in oil sector, AZN 3,898.6 million in non-oil sector. Moreover, 72.9% of total investments were directed to construction works.

 

State Statistical Committee told APA-Economics that 78.7% of these funds were spent to construction of production facilities, 16% to construction of facilities on service areas, 5.3% to construction of residential houses with the total area of 1,117,200 m². Domestic investments amounted to 39% of total investments.

 

In the structure of investments in the fixed capital 69.8% made up investments of enterprises and organizations, 11.8% bank loans, 11.8% budget funds, 1.4% off-budget funds, 4.5% private funds, 0.7% other funds.  

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