Bank Of Baku

Investments in main capital of Azerbaijan rise 5% in January

Investments in main capital of Azerbaijan rise 5% in January
# 21 February 2012 10:38 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. In January, 2012, AZN 459.4 mln was directed to main capital, up 4.8% from previous year. 46% or AZN 211.3 mln of them were spent to implementation of construction works.

State Statistical Committee says state institutions and organizations spent AZN 213.6 mln, non-state institutions – AZN 245.8 mln. AZN 259.4 mln was spent to construction of production objects, AZN 200 mln to construction of objects on service spheres.

47.2% of these funds were directed from domestic sources, 52.8% from foreign sources. 70.7% of domestic funds were directed by state institutions, 29.3% - by non-state institutions.

AZN 278.4 mln was directed by institutions and organizations, bank credits made AZN 60.4 mln, budget funds – ANZ 78.9 mln, extra-budgetary funds – AZN 22 mln, population’s personal funds – AZN 19.7 mln.

AZN 230.3 mln of funds directed to main capital belonged to oil sector, AZN 229.1 – to non-oil sector, as well AZN 11.8 mln non-oil industry sector.
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