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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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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