14:59 - 11.05.2023

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May 11, Fineko/abc.az. Azerbaijan directed AZN 4.58 bn for fixed assets for Jan-Apr 2023 (21.1% more versus Jan-Apr 2022).

ABC.AZ reports with reference to the State Statistics Committee that this year’s investments in the oil & gas sector grew by 25.8% and in the non-oil and gas sector by 18.5%.

In the structure of the funds spent, AZN 2.62 bn (57.2%) accounted for sphere of production, AZN 1.702 bn (37.2%) for services, and AZN 257.3 million (5.6%) for construction of residential buildings.

Internal finances amounted to AZN 3.344 bn (73%), and AZN 3.25 bn (71%) were spent on construction and installation works.

Of the finances directed for fixed assets, the share of finances of enterprises and organizations made up 47.1%, budget funds 36.7%, personal funds of the population 6.8%, bank loans 3.7%, other funds 5.7%.