Bank Of Baku

Invested capital from all financial resources in Azerbaijan’s main capital rises 15%

Invested capital from all financial resources in Azerbaijan’s main capital rises 15%
# 23 October 2010 15:22 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. During 9 months of 2010, AZN 6 157.8 mln capital from all financial resources was invested in Azerbaijan’s main capital and AZN 4 077.5 mln or 66.2% of this were spent construction works.

SSC says capital directed in main capital rose 15.2%, in construction by 6.6% compard with a year ago.

State enterprises spent AZN 3 581.7 mln, non-state enterprises spent ANZ 2 576.1 mln to the construction works.

77.3% of capital directed to main capital was incvested by domestic, 22.7% by foreign resources. 72.1% of domestic resources came from, state enterprises and 27.9% from non-state enterprises.

State budget planned to spent AZN 3.549 mln that, 1 957.5 mln was spent during the same period.

Means of enterprises and organization in capital directed to main capital made AZN 3.188 mln or 51.8%, bank credits – AZN 318.9 mln or 5.2%, budget means – AZN 2 087.8 mln or 33.9%, extra-budgetary funds – AZN 334.9 mln or 5.4%, population’s private means – AZN 200 mln or 3.2% and other means AZN 28.2 mln or 0.5%.

44% of total capital was invested in development of industrial spheres, 5.2% n agriculture, forestry and fishing, 2.6% in trade, 24.4% in transport and storehouse economy, 1.2% in construction, 1.3% in information and communication, 2.4% in living organization and catering, 0.1% in financial and insurance activity, 8.9% in real estate operation, 2.9% state management, 1.5% in education, 1.5% in health, 2.8% in rest, amusement and art, 0.5% in other spheres.

AZN 4 188.8 mln total capital was invested in development of non-oil sector and AZN 738.1 mln in non-oil industrial spheres and AZN 1.969 bln in oil sector.
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