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Investments in Azerbaijan’s economy up 18 percent in 2012

21 January 2013 12:06 (UTC+04:00)
Investments in Azerbaijan’s economy up 18 percent in 2012

Over 15.338 billion manat were invested into the development of the economic and social sectors in Azerbaijan in 2012, or 18 per cent more than in the same period of 2011, the State Statistics Committee's report said, Trend news agency reported.

Investments in construction operations increased by 17.5 per cent to 9.3 billion manat, or 61 per cent of the total investment volume. Investments worth 6.655.2 billion manat were made in the construction of production facilities, while 8.683.3 billion manat were made in services.

Around 78.8 per cent of the total volume fell to domestic investment. They increased by 16.6 percent per year. The main part (71 per cent) of domestic investments was made in state enterprises and organisations.

The official exchange rate is 0,7848 AZN/USD on Jan. 19.

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