Investments in fixed assets in Azerbaijan for the first nine months of this year amounted to 11.8 billion manat, which is 19 % more than in the same period of 2012, the State Statistics Committee told Turan .
Domestic sources account for 71.5 % of the investment, while public investment is 63.7 % of the investment portfolio. About half of the investment (49.4 %) was used in production.
From the beginning of 2013, there has been commissioned 1478 thousand square meters of housing, schools for 24,880 pupils, preschools for 997 seats, clubs - for 864 seats, etc.
According to forecasts of Ministry of Economic Development in 2014, the volume of investments in Azerbaijan's economy amounted to 18.4 billion manat, which is 2.9 % higher than the figure for this year. Investments in non-oil sector will be 68.5 %. The state's share in the investment portfolio will be 9.7 billion. The share of private investment is expected to reach 47.5%. -08D-
Economics
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The Milli Majlis (Parliament) of Azerbaijan began discussions on Monday regarding the draft state budget for 2025, which projects expenditures of AZN 41.368 billion.
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Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
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Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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