Q1 investments in Azerbaijan’s fixed capital amount to AZN 2.7B

Investments from all financial sources in Azerbaijan’s fixed capital stood at AZN 2,699,700,000 in January-March 2019, down 9% from the previous year, Report informs referring to the State Statistical Committee.

Of this, 70.7% was directed to construction works.

The decline was caused by lagging in the investments in oil sector. Investments in non-oil sector rose by 6%.

64.3% of investment was made in production fields, 26.4% in services, 9.3% in construction of residential houses with the total area of 420,000 square meters. Domestic investments constituted 67.3% of total investments.

In the structure of the investments in fixed capital, 65.6% was funds of enterprises and organizations, 5% - bank loans, 21.8% - budget funds, 6.5% - private funds, 0.8% - off-budget funds and 0.3% - other funds.