The volume of foreign investment in the capitalization of the Azerbaijani economy by 1 August exceeded the proportion of local financial investments, amounting to 61.8% or 4 billion 923.1 million manat (61.85% of all investments). On the account of the internal injection 38.15% of the total $ 7 billion. 959.7 million manat (minus 29.7% compared with the same indicator of January-July of last year.)
According to the data of State Statistics Committee on the results of the past seven months, four-fifths of the mentioned funds (6 billion 460.4 million) were invested in the production, and 1billion 175.9 million - in the construction of services, and only 323 400 000 manat - in the construction of housing. Nearly three-quarters (72.3%) of all financial investments - for the private sector, the remaining 2 billion 204.8 million manat spent the state. --17D-
Economics
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A business meeting took place between the Chamber of Auditors of the Republic of Azerbaijan and Reanda International Network Limited on July 26, aiming to study advanced global practices in independent financial control and expand their application in Azerbaijan. This initiative follows the program instructions of the Azerbaijani president, the Chamber of Auditors reported.
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Azerbaijan's inflation for the 12 months ending in June stood at 1.1%, with core inflation at 0.8%, the chairman of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, announced at a press conference on Monday. Annual food inflation was recorded at 0.2%, non-food inflation at 1%, and services inflation at 2.4%.
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The State Oil Company of Azerbaijan (SOCAR) and Italy's Eni S.p.A. have signed a Memorandum of Understanding (MoU) focused on energy transition. Azerbaijani Economy Minister Mikail Jabbarov announced the agreement on his account on the social network "X".
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Azerbaijani Economy Minister Mikail Jabbarov met on July 29 with Ali Kibar, Chairman of Turkish conglomerate Kibar Holding, to discuss strengthening bilateral cooperation, boosting investment in industrial production, and supporting partnerships in the energy sector.
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