Private fixed investment inferior to state resources
Within 11 months from the beginning of this year in the Azerbaijani economy was invested AZN 14.6 billion of investments ( 14.8 %) , of which only 5,463 million or 37.4 % accounted for the private sector, the State Statistics Committee told Turan .
From the state budget to finance investment projects was spent 6 890.6 million manat, and extra-budgetary state funds - 491.6 million manat. Total share of the state accounts for 79.2% of domestic investment , which indicates the dominant role of the state in the economy. The share of domestic investment in the total portfolio amounted to 74.1% .
In the oil and gas sector was invested 4,342.1 mln , up 33.9 % over the comparable period in 2012. The growth rate of fixed capital formation in the non-oil sector was 8.2 %. Total non-oil sector since the beginning of the year was invested 10,250 million manat.
The share of agriculture in the entire investment portfolio is 3.5 % ( 515.8 million manat) , processing industry - 6.2 % ( 903.2 million manat) , transport - 20.3 % ( 2964 million manat) , water and cleaning waste - 6.6% ( 955.6 million manat) , construction - 3.3% ( 475 million manat) , etc. In residential construction was invested 1,082 million AZN.
Foreign investment since the beginning of the year in Azerbaijan's economy amounted to 3,776.5 million manats. Eight countries ( Britain - 1,354.4 million , Norway - 467.6 million, U.S. - 454.6 million , Japan - 346 million , Turkey - 270.5 million , Czech Republic - 258.1 million and France - 150 million manat) provided for 87.4% of the portfolio . - 08D-
Economics
-
Rashad Huseynov has been appointed as the new director of the Center for Agricultural Research under the Ministry of Agriculture, replacing Firdousi Fikretzade who led the center since 2019. Fikretzade stepped down from his position on June 10 at his own request.
-
Since July 1, bus and metro fares have increased by 10 qəpik, reaching 50 qəpik. The fare for buses on the Baku-Sumgayit route has risen from 60 qəpik to 70 qəpik. However, it is reported that there has been no improvement in service quality following the price increase. According to complaints, air conditioners are not working on buses operating in the periphery, and overcrowding persists.
-
Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), held a meeting with Bojan Kumer, Slovenia's Minister of Environment, Climate and Energy, to discuss bilateral cooperation in the energy sector.
-
Azerbaijani Energy Minister Parviz Shahbazov met with a delegation led by the World Bank's Regional Director for the South Caucasus, Roland Price, to discuss the development of cooperation in the energy sector.
Leave a review