Bank Of Baku

Volume of directed funds to main capital of Azerbaijan rises by 11.3%

Volume of directed funds to main capital of Azerbaijan rises by 11.3%
# 18 June 2010 07:00 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. All financial resources invested AZN 3 021.3 mln in the mnain capital of Azerbaijan, for development of economic and social spheres, in January-May, 2010, up 11.3% compared with a year ago.

According to State Statistical Committee, the means hwich directed to construction works makes AZN 1 977.3 mln or 65.4% of total construction works. The ste-owned enterprises spent AZN 1 831.7 mln to construction works, non-state-owned enterprises spent AZN 1 189.6 mln.

77.7% of directed means are internal, 22.3$ are foreign.

Besides, the state budget planned to spend AZN 3.549 mln for implementation of construction works. AZN 1022.7 mln was spent during 5 months of 2010.

The 44.1% of all directed means to main capital was spent to development of industrial spheres, 4.8% to agriculture, 2.5% to trade, 27.2% to transport and storage economy, 2% to construction, 1% to information and communication, 0.1% to finance and insurance activity ant others.

AZN 2 003.1 mln of total means was spent to oil sector and AZN 1 018.2 mln to non-oil sector.
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