The first ten months of this year in Azerbaijan there was invested in fixed assets 11.1 billion manat, which is 26.8% more than in the comparable period of 2011. However, about 61% of the funds were used in the construction works.
According to the State Statistics Committee, the pace of investment in the oil sector (AZN 8,260 mln) leads the overall investment growth by 3.5 percentage points.
The share of domestic investment (8.8 bn) in the structure of funding sources reached 79%. In this case, domestic investment increased 30.4%. Only from the state budget 4,863.6 mln was aimed at the implementation of investment projects. In total this year from the state budget to finance the construction and rehabilitation of infrastructure, etc. over 6 billion manat will be allocated.
According to the SSC, since the beginning of 2012 Azerbaijan commissioned residential buildings with a total area of 1,337,100 square meters. - 08D-
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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