It is assumed that the total investment in fixed assets in the next year will amount to 19.8 billion manat (+ 4.7% in the forecasts for this year).
As stated in the official presentation of the budget drawn up by the Ministry of Finance, the total investment in the non-oil sector in the next year will be 14 billion manat, and in the oil sector it will be 5.8 billion manat. This year, according to government forecasts, investment in the oil sector will amount to 5.7 billion AZN and in the non-oil - 13.1 billion manat.
In 2015 the total volume of the share of domestic investment will be 72.8%, and that of foreign investment will be 27.2%. Public investment in the country's economy will make 11.1 billion manat and non-public investment will make 8.7 billion manat. --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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