16:43 - 17.08.2020

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August 17, Fineko/abc.az. Over Jan-Jul 2020 AZN 7.59 bn was allocated for fixed assets or 2.6% more in Azerbaijan against the relevant term of 2019, ABC.AZ was informed at the State Statistics Committee.

Investments in the oil and gas sector increased by 22.9%, while finances directed for the non-oil sector decreased by 9.6%.

Of the funds used, AZN 5.104 bn or 67.3% were spent on production, AZN 1.745 bn (23%) on services, and AZN 737.7 million (9.7%) on the construction of residential buildings.

Domestic funds amounted to AZN 4.69 bn or 61.8% of the funds directed for fixed assets. AZN 4.7 bn or 62% of the funds directed for fixed assets were spent directly on construction and installation works.