Investments in fixed assets in Azerbaijan for 10 months of this year amounted to over 13 billion manat, which is 16% more than in the comparable period of 2012. The share of the private sector accounts for only 19% of investments in non -oil sector of the economy, the State Statistics Committee told Turan .
In the non-oil economy since the beginning of the year was sent 9.1 billion manat , which is 10 % higher than the figure for the same period in 2012 . The scope of the non-oil industry has invested 1,890 million manat. This includes: the processing sector - 863.7 million manat ( 68.3 %) , the sector of the production, distribution and providing electricity, gas and steam - 287.7 million manat ( -8.5 %), and water supply and disposal waste - 872.1 million ( +71.3 %).
In the oil sector (3.9 billion manat) growth in investment was 35.8 %.
Total domestic sources account for 74.2 % of the investment, while public investment up 79.8 % of the domestic portfolio. The state budget used 6,229 mln for investment purposes and AZN 433 million for extra-budgetary state funds, which were directed mainly in the transport sector - 2.7 billion manat, education - 570 million manat, health and social services - 350 million manat, public administration, defense and social security - 857 million manat, etc.
The share of seven countries (the UK, the USA, Norway, Turkey, France, Japan and the Czech Republic) was 87,7 % ( 2.9 billion ) of foreign investment.
Housing construction, with the means of citizens taken into account, was invested about AZN 1 bn.
From the beginning, there was commissioned 1724 thousand square meters of housing, schools for 27 thousand of pupils , preschools for 1,751 seats , clubs for 864 places, hospitals for 1,050 beds, etc. -08D -
Economics
-
As 2024 comes to a close, Azerbaijan finds itself at a crossroads—holding a prominent position in certain sectors of the global economy but still grappling with issues that hinder broader socioeconomic development. From energy exports to logistics corridors, the country has carved out a niche, yet cracks in its socioeconomic fabric are becoming harder to ignore. Let’s delve into the numbers and listen to expert opinions on Azerbaijan's global standing.
-
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.
-
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.
-
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.
Leave a review