The state maintains a leading position in fixed investment: in the first eight months of the share of the state budget and the only state oil fund in the structure of investment was 50.5 % - State Statistics Committee told Turan .
Since the beginning the investment in the construction sector amounted to 10 378.8 million manat. This is 22.7 % more than in the same period last year. The share of private enterprises accounted for only 37 % of the investment. Domestic investment in the economy is 7760 million manat, which is 16.3 % more than last year. Domestic investment in the private sector accounts for only 21.5% of the investment.
From foreign sources came 2.6 bn AZN of investment. The bulk of these funds (971.3 million manat) accounted for the UK, the USA (308.4 million manat) , Norway (305 mln manat) , Japan (260 million manat) and Czech Republic ( 214.2 million manat) .
During the reporting period this year has been used by the Government of loans from the World Bank in the amount of 93.5 million manat , the Asian Development Bank - 36.8 million manat, the Islamic Development Bank - 7 770.6 thousand manats, and the Council of Europe - 2 153.1 thsd manats. - 08D-
Economics
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Food prices in Azerbaijan’s capital, Baku, increased by 5% during the first nine months of 2024, highlighting rising inflationary pressures in the domestic market, the Turan agency reported.
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Global grain prices continued their downward trajectory in August, as the FAO grain price index slipped 0.5% from July and a sharp 11.9% year-on-year decline, reflecting weakening demand and intensifying competition among major exporters. Wheat prices were particularly impacted by higher-than-anticipated production levels in Argentina and the United States, exerting additional downward pressure on the international market.
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Azerbaijan’s national air carrier, AZAL, has enhanced its international travel offerings through a new partnership with Ethiopian Airlines, providing passengers with increased connectivity and convenience for global travel, the airline announced on Monday.
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The Azerbaijan Trade Forum, held on October 7, underscored the vital role of small and medium-sized enterprises (SMEs) in enhancing the country’s non-oil exports. Jointly organized by the Small and Medium Business Development Agency (SMBDA) and the Association of Customs and Logistics Companies of Azerbaijan, and supported by Pasha Holding, the event brought together stakeholders from various sectors, including import-export, logistics, production, and customs representation.
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