As of August 1, Azerbaijan's industry invested a total of 2 billion 728.8 mln.
According to State Statistics Committee, the share of investments in the development of the industry was more than a third (38.3%) of all investments. Total invested was 7.12 billion manat.
Injections in the mining industry are the first place - 1 billion 975.2 million manat (+ 27.1% compared to January-July 2011).
Funding for the processing industry increased by 294.6 million manat (- 41.4%).
In the production and distribution of electricity and gas the state invested 197.7 million manat (- 28.7%), water, and the purification and recycling of household waste - 261.3 million manat (up 3.3 times).
In the transport and storage before August 1 it was invested 1 billion 193.8 million manat (- 1.1%), communications and ICT - 198.2 million manat (+ 83%), in public administration, defense and compulsory Social Care - 623.8 million manat (up 2.1 times) in education - 277.5 million manat (increased 2.6 times).
In addition, by 35.6% in comparison to last year increased demand for finance from representatives of housing. In January-July, their needs invested 671.8 million manat.
Share of foreign investments, including private companies and international financial institutions, the economy of Azerbaijan for the period was 1 billion 513 million 840.4 thousand manats (+ 5.4% compared to last year).
The leaders among them are companies from the United Kingdom (724 million 341 thousand manat). They accounted for almost half (47.8%) of the financial investments. American finance is in the second place - AZN 256 million 31.3 thsd, or one-third (32.3%) more than last year.
Besides leaders from January 1 to August 1, the local economy was invested by companies from Japan - 170 million manat, Norway - 94 million 315.7 thousand manat, Turkey - 74 million 483.6 thousand manat, Czech Republic - 50 million 294 thousand manat. It is worth noting capital of companies from France - 29 million 485.3 thousand manat, Saudi Arabia - 3 million 27.4 thsd manat, South Korea - 3 million 720.3 thousand manat and Germany - 1 million 752 7 thousand manat.
Among international organizations, the World Bank is leading with 63 million 875.7 thousand manat. This is followed by the Asian Development Bank - 40 million 296.9 thousand manat, the Islamic Development Bank - 1 million 41.4 thsd AZN and the European Bank for Reconstruction and Development - 71.9 thousand manat. - 17D-
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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