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-