Investments in Azerbaijan’s fixed capital fall by 13%

Baku. 18 February. REPORT.AZ/ Investments from all financial sources in Azerbaijan’s fixed capital stood at AZN 868.7 million in January 2019, down 12.5% from the previous year, Report informs referring to the State Statistical Committee.

Of this, 74.3% was directed to construction works.

The decline was caused by lagging in the investments in oil sector. Investments in non-oil sector rose by 1.2%, including by 1.9% in non-oil industry.

66.7% of investment was made in production fields, 23.1% in services, 10.2% in construction of residential houses with the total area of 130,100 square meters. Domestic investments constituted 66.6% of total investments.

In the structure of the investments in fixed capital, 84.1% was funds of enterprises and organizations, 5.1% - bank loans, 4.1% - budget funds, 5.9% - private funds, 0.8% - off-budget funds.