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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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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