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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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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