Foreign investments to fixed capital hits $1.6bn
By Ayya Lmahamad
Foreign enterprises and organizations directed AZN 2.8 billion
($1.6bn) to the fixed capital in Azerbaijan in the period between
January and July in 2020, local media has reported with reference
to the State Statistic Committee.
According to the report, the UK, the U.S., Turkey, Japan,
Switzerland, Malaysia, Norway, Russia and Iran accounted for AZN
2.5 billion ($1.4bn), or 87.6 percent of the funds directed to the
fixed capital at the expense of foreign countries and international
organizations.
It should be noted that during the reporting period, AZN 7.5
billion ($4.4bn) were directed from the financial sources to the
fixed capital for development of economic and social spheres of the
country, which is 2.6 percent more compared to the same period last
year.
Moreover, 53.7 and 21.4 percent of the total amount of the funds
directed to the fixed capital were allocated to industry and
construction respectively in the first half of the year.
Additionally, 12 percent of the total funds were directed to the
transport and storage, 3.5 percent on professional, scientific and
technical activities, 1.9 percent on agriculture, forestry and
fisheries, 1.8 percent on public administration, defense and social
security, 1.3 percent on information, communication and education,
0.9 percent on trade and repair of vehicles, 0.5 percent on
accommodation and catering of tourists, public health and social
services, 0.4 percent on administrative and support services, 0.3
percent on financial and insurance activities, recreation,
entertainment and art, and 0.2 percent on other services.
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