Within four months of this year the volume of investments in fixed assets in Azerbaijan amounted to 4 252.7 million manat, which is 28.4% more than in the comparable period of 2012. According to the committee, two-thirds of investment (2.8 billion manat, 26.6%) invested in the non-oil sector of the economy.
In the structure of investment dominates the industrial sector - 47.2%. Next, the volume of investments should transport and warehousing - 17.5%, public administration - 8.1%, housing construction - 7.6%, agriculture 4.4%, etc.
The pace of investment in the oil sector in January-April of this year was ahead of the non-oil sector by 5.8% points and was AZN 1.4 bn.
The share of domestic investment in the reporting period amounted to 72.2%. In the structure of domestic investment bank notes state, including the state budget and the State Oil Fund, reaching 78.6%. The volume of financing to the economy of the state budget in January-April this year reached 1,883 million manat, which is 40.6% more than in the same period of 2012. 08B
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review