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
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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