Share of Private Sector Investments in Non-oil Sector Accounts for Only 19 %
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
-
Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
-
The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
-
In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
-
Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
Leave a review