Over AZN 954M invested in fixed capital in January

Over AZN 954M invested in fixed capital in January
# 17 February 2017 15:11 (UTC +04:00)

In January 2017, AZN 954,200 was invested in Azerbaijan’s fixed capital from all financial sources, down 2.1% from previous year.


State Statistical Committee told APA-Economics that 89.3% or $851.8 million of these funds were spent to construction of production facilities, 7.7% or $73.9 million to construction of facilities on service areas, 3% or $28.5 million to construction of residential houses with the total area of 107,600 m².


Of this, 18% fell into share of state investors, 82% into share of non-state investors. 70.6% of investments went to construction works.


Share of investments from domestic sources made up 31.5% of total investments.


In the structure of investments in the fixed capital AZN 805.5 million made up investments of enterprises and organizations, AZN 78.6 million bank loans, AZN 33.2 million budget funds, AZN 8.4 million off-budget funds, AZN 28.1 million private funds, AZN 0.4 million other funds.  


82.2% of total investments went to industry, 9.1% to construction, 4.1% to information and communication, 2.9% to transport and storehouses, 1% to agriculture, forestry and fishery, 0.3% to health, 0.1% to each of trade, state management and defence; social security, education and auxiliary services.      


In January AZN 751.5 million was invested in oil sector, AZN 202.7 million in non-oil sector, of which AZN 32.4 million was used in non-oil industry.


AZN 654.1 million was invested by foreign enterprises and organizations in the fixed capital. Of this, AZN 638 million (97.5%) was invested by UK, Turkish, Malaysian, Swiss, Russian, Iranian, US, Norwegian and Japan investors.