Investment in oil and gas sector in 2012 amounted to 33 648 million manat and 23.8% was the proportion of it ahead of all other sectors of the economy in terms of investment.
According to the committee, public investment in the transport sector in 2012, including foreign loans amounted to 2 581 million manat (1.4%). The share of transport in the structure of investments was 16.9%.
Further, in the structure of investment comes housing with 9.1%, where in 2012 the government and the private sector (including the public) invested 1.395 bn (47.5%).
In the processing industry there was invested 706 million manat. This is 18% less than in 2011. - 08B-
Economics
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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Croatian Prime Minister Andrej Plenković announced enhanced efforts by Croatia to protect the Adriatic Sea and advance renewable energy projects during his address at the COP29 summit in Baku on Wednesday.
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Italian Prime Minister Giorgia Meloni on Wednesday called for collective action to limit global warming to 1.5 degrees Celsius during her address at the COP29 summit in Baku, emphasizing the need for a united response to the climate crisis.
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