January’s foreign investments in Azerbaijan exceed internal ones and private financing – state-run one
Baku, Fineko/abc.az. Investments in Azerbaijani economy in January 2012 dropped 6 fold against December 2011.
The State Statistics Committee (SSC) informs that this January capital investments in country’s economy totaled AZN 459.4 million ($581.5 bn in accord with average exchange rate: AZN 0.79 to the US dollar) that is by 4.8% more versus the 2011 same term.
Over 2011 capital investments in country’s economy totaled AZN 12.776 bn or $16.17 bn (+27.3% versus 2010).
In December 2011 investments totaled AZN 2.759 bn (the best monthly indicator for the entire history).
In 2010 investments made up AZN 9.715 bn, including AZN 2.01 bn (the former best index of investments per month for the entire history) in December.
According to the SSC data, for January 2012 domestic sources’ investments totaled AZN 216.9 million that makes up 47.2% of all investments. Foreign investments reached AZN 242.5 bn that makes up 52.8% of all investments.
For the first time since January 2011 foreign investments exceeded domestic ones that is linked with the fact that the State Investment Program for 2012 was not approved in January yet.
For comparison, in 2011 domestic sources’ investments totaled AZN 10.26 bn that makes up 80.3% of all investments. Foreign investments reached AZN 2.516 bn that makes up 19.7% of all investments.
This January the key sources of investments were enterprises’ funds (AZN 278.4 million with a 9.4% rise), budget finances (AZN 78.9 bn with drop of 31.4%), bank loans (AZN 60.4 million with a 27.3% rise), extra-budgetary funds (AZN 22 million with a rise of 2.9 fold), and population’s funds (AZN 19.7 million with rise of 41.7%).
In January 2012 state investments totaled AZN 213.6 bn (46.5% of all investments) and non-state investments AZN 245.8 bn (53.5%). Investments from the State Budget were not made this January.
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