Investment to Azerbaijan economy falls by 26%

Baku. 16 November. REPORT.AZ/ AZN 11 889.2 million were directed from all sources to fixed capital for funding economic and social projects in Azerbaijan during January – October of this year.

Report informs referring to official figures, total investment fell by 26.3% in comparison with the same period of previous year.

Distribution of investments is as follows: production facilities – AZN 9 593.3 million (80.7%); service facilities - AZN 1 807 million (15.2%); construction of residence buildings – AZN 488.1 million (4.1%).

32.7% of total investments were made from public funds, while 67.3% came from private sector. 72.4% of funds directed to fixed capital was used for construction works.

Resources directed to fixed capital from internal funds constitute 40.9% of total investment.

Source of funds directed to fixed capital is as below:

-Institutions and organizations – AZN 8 168.4 million
-Banking loans – AZN 1 265.6 million
-Public accounts (budget) – AZN 1 634.8 million
-Non-budget funds – AZN 125.5 million
-Individual investments – AZN 431.6 million.