AZN 6.1 bn directed for fixed assets this year


July 12, Fineko/abc.az. Over Jan-Jun of the year it was directed AZN 6.13 bn for fixed capital from all financial sources for development of the economy and social sphere of Azerbaijan, 68.4% of which accounted for the cost of construction and installation works.

The State Statistics Committee reports that 63.8% out of the total investment was spent on production, 26.6% on services, 9.6% on the construction of residential buildings with total area of 1.087 million sq m.

Funds allocated for fixed capital from domestic sources made up 71.3% of total investments.

Funds of enterprises and organizations in the total cost of investments, directed for total capital made up 56.7%, budget funds 27.7%, personal funds of the population 7%, bank loans 6.8%, funds of extra-budgetary funds 1.4% and other funds 0.4%.