Investments in Azerbaijani economics grows by 2.4%
Baku, Fineko/abc.az. Growth of investments in Azerbaijani economics, which was resumed in January, continued in February, 2010.
The State Statistics Committee (SSC) informs that in January to February capital investments in country’s economics totaled AZN 1.076 bn ($1.345 bn in accord with average exchange rate: AZN 0.8 to the US dollar) that is by 2.4% more versus January 2009. In February, investments totaled AZN 674.9 million versus AZN 401.3 million a month before.
The forecast for 2010 was fixed at the level of AZN 11.315 bn ($14.07 bn) with rise of 12.5% and in January to February actual investments made up 9.5% of the 2010 forecast and their growth turned out by 10.1% less than it was expected.
In accordance with data of SSC, in January to February domestic sources’ investments totaled AZN 765.8 million ($957.25 million) that makes up 8.2% of the 2010 forecast of AZN 9.3 bn ($11.6 bn) with growth of 15.5%.
Foreign investments made AZN 310.9 million ($388.625 million) that makes up 15.7% of the forecast for 2010 of AZN 1.975 bn ($2.455 bn) with zero growth.
Tendency of domination of domestic investments in Azerbaijani economic over external ones, which was stopped in January, was resumed in February.
В прошлом месяце внутренние инвестиции составили 583 млн. AZN против 92,4 млн. AZN внешних инвестиций или 86,3% и 13,7% всех вложений соответственно. За январь-февраль соотношение составляло 71,1% к 28,9%.
In 2009, foreign investments made up 20.1% of all investments and domestic investments 79.9%.
In 2007 this ratio was 40.4% and 59.6% and in 2008 – 24.5% and 75.5% respectively.
Last year the best index of domestic investments was registered in February (AZN 927.12 million), while the best index of foreign investments was registered in October (AZN 241.7 million).
In January to February, investment sources were enterprises’ funds (AZN 582.1 million with 89.8% rise), bank loans (AZN 48.7 million with growth by 38.2%), the population’s funds (AZN 22.6 million with rise of 9.5%), budget finances (AZN 384.7 million with rise of 66.9%), extra-budgetary funds (AZN 38.3 million with decline by 51.5%).
In January to February, state investments totaled AZN 597.3 million and investments from the state budget - AZN 369.6 million with plan for the year in the amount of AZN 3.549 bn.
In 2009, capital investments in Azerbaijani economy reached AZN 7.358 bn ($9.198 bn) that is by 18.7% less against the 2008 figure.
In 2008, Azerbaijani economy was invested AZN 9.07 bn ($11.065 bn; USD 1 = AZN 0.82) that exceeds investments in 2007 by 34.3%. In 2006, Azerbaijani economy was invested AZN 5.963 bn ($6.7 bn) with growth of 14.8% and in 2007 - AZN 6.774 bn ($7.97 bn) with growth of 17.8%.
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