17:45 - 12.06.2024

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June 12, Fineko/abc.az. Over Jan-May of this year, 6.64 bn manats were directed for fixed assets in Azerbaijan (11% more against Jan-May 2023).

ABC.AZ reports with reference to the State Statistics Committee that over Jan-May 2024, investments in the oil & gas sector grew by 9.2% and investments in the non-oil/gas sector by 12.1%. Out of the 5-month investments, 3.623 bn manats, or 54.6%, were spent on production, 2.379 bn manats, or 35.8%, on services, and 638.5 million manats, or 9.6%, on the construction of residential buildings.

Of the investments directed for fixed assets, domestic investments amounted to 5.386 bn manats, or 81.1%, and 4.644 bn manats, or 69.9%, were spent on construction & installation works.