Investments in Azerbaijan’s economy up by quarter
Over 12.615 billion manat were invested into the development of the economic and social sectors in Azerbaijan in January-November 2012, or 24 per cent more than in the same period of last year, Trend news agency reported referring to the State Statistics Committee.
Investments in construction operations increased by 22.7 per cent to 7.589 billion manat, or 60.2 per cent of the total investment volume.
77.2 per cent of the total volume fell to domestic investment. The main part (74.6 per cent) of domestic investments was made in state enterprises and organisations with only 25.4 per cent in private enterprises.
25.5 per cent (3.217.5 billion manat) of the investments were directed to the development of the oil sector, while 74.5 per cent (9.397.6 billion manat) to the non-oil sector. Investments in the oil sector increased by 19.9 per cent and non-oil - by 25.5 per cent.
38.1 per cent of investments fell to the industrial sector, 16.8 per cent - transportation and warehousing, 8.2 per cent - state management, 9.3 per cent - real estate transactions (of which 9.1 per cent - housing construction).
The official exchange rate is 0.7849 AZN/USD on Dec. 18.
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