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Investments in Azerbaijan’s fixed capital decline 3% this year


In January-May 2017, AZN 5,671.7 million was invested in Azerbaijan’s fixed capital from all financial sources, down 3.2% from previous year, said the State Statistical Committee.

 

Of this, AZN 3,663,500,000 was invested in oil sector, AZN 2,008.2 million in non-oil sector. Moreover, 73.1% of total investments were directed to construction works.

 

State Statistical Committee told APA-Economics that 82.9% of these funds were spent to construction of production facilities, 11.9% to construction of facilities on service areas, 5.2% to construction of residential houses with the total area of 629,700 m². Domestic investments amounted to 37.3% of total investments.

 

In the structure of investments in the fixed capital, 70.4% made up investments of enterprises and organizations, 12.0% bank loans, 11.2% budget funds, 1.4% off-budget funds, 4.5% private funds, 0.5% other funds.

 

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