According to the State Statistics Committee, by 1 November capital investments in Azerbaijan's economy amounted to 11 billion 889.2 million manat (nominally minus 26.3%, but really due to the devaluation decreasing twofold compared to January-October of the past year).
According to the directions, it looks like this: facilities were allocated 9 billion 593.3 million manat or 80.7% of total costs, 1 billion 807.8 million manat (15.2%) was invested in service facilities and only AZN 488.1 million (4.1%) – in housing development.
In contrast to the past five years, most of the foreign capital amounted to 59.1% or AZN 7 billion 22.9 million, and local financial injections amounted to 4 billion 866.3 million manat.
More than two thirds (67.3%) occurred in private equity and made up AZN 8 billion 1.5 million. The oil sector was invested 60.5% of all capital expenditures - 7 billion 191.9 million manat. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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