Azerbaijan sees 1.7% rise in investments in fixed capital

Azerbaijan sees 1.7% rise in investments in fixed capital
# 15 September 2015 15:15 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. In January-August 2015, AZN 10,550, 00,000 was invested in fixed capital of Azerbaijan from all financial sources, up 1.7% from previous year.

State Statistical Committee told APA-Economics, 74.6% of these funds was spent to construction works, up 8.4% from a year earlier.

AZN 6,478.8 mln was spent to construction of production facilities, AZN 3,369.4 mln to construction of objects on service spheres. 29.3% of total investment fell to share of stat sector, 70.7% - to share of non-state sector.

57.6% of total investments made investments from domestic sources. AZN 7,496.7 mln made investments by organizations, AZN 530.8 mln - bank credits, AZN 1,896.7 mln – budget funds, AZN 178.9 mln – funds of extra-budgetary foundations, AZN 307.8 mln – personal funds, AZN 139.2 mln – other funds.

53% of investments in the fixed capital was spent to industrial spheres, 12.1% to construction, 11.7% to transport and storehouse, 3.2% to rest, entertainment and art, 4.4% to public administration and defence, compulsory social security, 1.9% to information and communication, 4.3% to catering, 2.9% to agriculture, forestry and fishery, 1.8% to wholesale and retail trade, repair of cars and motorcycles, 1.6% to education, 0.8% to administrative and subsidiary services, 0.6% to operations on real estate, 0.2% to financial and insurance activity, 0.1% to other spheres.

In January-August, AZN 4,770.6 mln was directed to oil sector. AZN 817.8 mln from total of non-oil sector expenditures (AZN 5,779.5 mln) were used in non-oil industry

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