Azerbaijani Economy Invested 6,416.3 Million AZN
The State Statistics Committee said in January-June the Azerbaijani economy was invested 6 billion 416.3 million manats of public and private capital expenditure (+ 3.7% to June 1 last year).
Most of that (4,151,100,000 manats, or 64.7% of all investments) was designed for production, and the remaining 2 billion 265.2 million AZN was directed to the construction of service facilities.
The share of domestic investments was 59.1% or 3 billion 791 million manats, while foreigners invested 2 billion 625.3 million manats.
Most of the money (3 billion 657.5 million manats or 57% of capital investments) was invested in the non-oil sector, while the oil industry was spent 2 billion 758.8 million manats.
More than two thirds (4,549,200,000 AZN or 70.9% of all investments) were the share of private capital.
Sharply (44.9%) decreased in comparison with last year the contribution of the state budget to the local economy - 1 billion 236.4 million manats, but increased the proportion of enterprises and organizations - at their own expense, they spent 4 billion 604.6 million AZN (+ 33.8%). Banks allocated for these purposes 248,100,000 credit manats (+ 12.5%), while natural persons provided 163.3 million manats (+ 22.3%). --17D-
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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