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 began the new year with significant hikes in gas, electricity, water, and medication tariffs, sparking widespread concern among citizens over the financial burden on households. While officials defend the measures as necessary for economic sustainability, critics warn of challenges tied to stagnant wages and pensions.
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As of January 1, Europe has ceased contract-based transit of Russian gas through Ukraine. Kyiv announced it would not renew agreements to traffic gas from the "aggressor nation" through its territory. The decision marks a pivotal moment in Europe’s efforts to reduce reliance on Russian energy, a dependency that supplied nearly 50% of the continent’s gas imports before the war in Ukraine.
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Azerbaijan's Tariff Council has approved a decision to regulate the maximum wholesale and retail prices of registered medicines, with the new pricing caps coming into effect on January 2, 2025.
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Azerbaijan's Tariff Council has approved tariffs for connecting construction sites to water supply and wastewater systems for the first time, addressing a previously unregulated sector with inconsistent charges, the council announced on January 2.
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