17:16 - 16.01.2024

---

January 16, Fineko/abc.az. Last year, the amount of AZN 20.296 bn was directed for fixed assets in Azerbaijan (9.8% more than in 2022).

ABC.AZ reports with reference to the State Statistics Committee that investments in the oil & gas sector grew by 10.9%, and in the non-oil/gas sector by 9.3%.

Of the finances used, AZN 12.485 bn (or 61.5%) were spent on production, AZN 6.84 bn (33.7%) on services, and AZN 971.4 million (4.8%) on the construction of residential buildings.

Of the finances directed for fixed assets, the domestic funds amounted to AZN 16.411 bn (or 80.9%). Of the finances directed for fixed assets, AZN 14.559 bn (or 71.7%) were directed directly for construction and installation works.

In the total cost of finances directed for fixed assets, own funds of enterprises and organizations made up 48.5%, budget funds - 36.6%, personal funds of the population - 5.9%, bank loans - 3%, other funds - 6%.