State the main investor in Azerbaijan

In the first Punisher this year the volume of investments in fixed assets in Azerbaijan amounted to AZN 2.9 bn. This is a 36.1% increase over the comparable period in 2012. The share of the state budget is AZN 1.9 bn of investment, accounting for 65.5% of the investment in the construction sector during this period, the State Statistics Committee told Turan.

In January-March 2013 from domestic sources was financed 68.2% of construction activity.

Investments in non-oil sector amounted to 1 823 million manat, which is 34% higher than the figure for the same period in 2012.

More than half (56.4%) of expenditure was in the sphere of production. It was commissioned in several industrial and agricultural enterprises. Also taken into operation was housing a total area of 370 thousand square meters, several secondary schools and pre-schools, club, health center and other social facilities.

Practice shows that in practice the cost of all the projects, which are sent to the Agency, is greatly exaggerated. Much of the investment money goes into the pockets of high officials of all levels. - 08D-