Bank Of Baku

Investments in non-oil sector increase by 8% in Azerbaijan

Investments in non-oil sector increase by 8% in Azerbaijan
# 18 December 2013 10:23 (UTC +04:00)

Baku. Aqshin Rafigoglu – APA-Economics. In January-November, investments of all financial resources in Azerbaijan’s main capital made AZN 14,592.3 mln, up 14.8% bu contrast to a year earlier, said the State Statistical Committee.

 

AZN 4,342.1 mln (29.8% of total investments) has been directed to oil sector, up 33.9% from previous year.

 

Investments in non-oil sector rose 8.2% to AZN 10,250.2 mln (70.2% of total investments), as well as AZn 2,046.6 mln (14.0%) has been used in the development of non-oil industry sector.

 

80.5% of funds directed to non-oil sector fell to share of state, 19.5% - to non-state owned institutions. 

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