Investments in fixed assets of Azerbaijan increased by 8.2% for Jan-Oct

14.11.2022,17:35

November 14, Fineko/abc.az. Over the past 10 months AZN 11.8 bn were directed for fixed assets in Azerbaijan, or 8.2% more than against Jan-Oct 2021, ABC.AZ reports with reference to the State Statistics Committee.

Investments in the oil & gas sector decreased by 13.5% and investments in the nonoil & gas sector increased by 23.8%.

In the structure of spent finances, AZN 6.585 bn or 55.9% accounted for the sphere of production, AZN 4.457 bn or 37.9% for services, and AZN 731.6 million or 6.2% for construction of residential buildings.

Internal funds amounted to AZN 9.04 bn or 76.8%, AZN 8.7 bn or 73.6% were spent on construction and installation works.

Of the funds directed for fixed assets, the share of finances of enterprises and organizations made up 49.2%, budget funds - 36.3%, personal funds of the population - 7.8%, other funds - 3.9%, bank loans - 2.8%.