By December 1, capital investment in the local economy amounted to 14 billion 693,100,000 manat (+ 0.3% against January-November last year).
According to the State Statistics Committee, more than two thirds (67.2%, or AZN 9 billion. 870.9 million) of these funds are aimed at development of production, and the rest amount – AZN 4 billion 822,200,000 – at construction of facilities services. The share of foreign investment is 30% or 4 billion 400,600,000 manat.
In the oil sector in January-November 5 billion 424,100,000 manat was invested (36.9% of all capital investments), and the remaining 9.27 billion manat fell on the non-oil sector - mainly projects, the course of execution of which is difficult to verify. Indicative of this is the fact that 73.8% of investments fell on the construction and installation works - 10 billion 843,500,000 manat.
The share of enterprises and organizations, mainly public joint stock companies, amounted to $ 7 billion 628,300,000 manat (+ 28.4%), and the share of state budget funds was 5 billion 717,100,000 manat (minus 17.4%). Banking institutions invested 494.9 million manat (minus 34.3%), and extra-budgetary funds were 304.4 million manat (minus 38.3%). The share of the population was 482.2 million manat (+ 17.6%) and "other sources" were 66.2 million manat (minus 33.8%). --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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