OREANDA-NEWS. August 17, 2010.   This July, the  investments in Azerbaijani economy grew by 7.4% versus June of the year.

The State Statistics Committee (SSC) informs that in January to July capital investments in country’s economy totaled AZN 4.567 bn (USD 5.709 bn in accord with average exchange rate: AZN 0.8 to the US dollar) that is by 11.2% more versus Jan-Jun 2009.

The forecast for 2010 was fixed at the level of AZN 11.315 bn (USD 14.07 bn) with rise of 12.5% and for Jan-Jul actual investments made up 40.4% of the 2010 forecast and their growth turned out by 1.3% less than it was expected.

According to the SSC data, in January to July, domestic sources’ investments totaled AZN 3.59 bn (USD 4.489 bn) that makes up 38.4% of the 2010 forecast of AZN 9.3 bn (USD 11.6 bn) with growth of 15.5%.

Foreign investments totaled AZN 976 million (USD 1.2 bn) that makes up 49.4% of the forecast for 2010 of AZN 1.975 bn (USD 2.455 bn) with zero growth.

Tendency of domination of domestic investments in Azerbaijani economic over external ones, which stopped in January, weakened in July.

Last month internal investments reached AZN 572.1 million versus AZN 166.5 million of foreign investments or 77.5% and 22.5% of all investments respectively. In January to July, 2010 ratio was 78.6% to 21.4%.

In 2009, foreign investments made up 20.1% of all investments and domestic investments 79.9%.

In 2007 this ratio was 40.4% and 59.6% and in 2008 – 24.5% and 75.5% respectively.

Last year the best index of domestic investments was registered in February (AZN 927.12 million), while the best index of foreign investments was registered in October (AZN 241.7 million).

In January to July, 2010, investment sources were enterprises’ funds (AZN 2.37 bn with 19.9% rise), budget finances (AZN 1.5 bn with drop of 1.1%), extra-budgetary funds (AZN 241 million with decline by 11.9%), the population’s funds (AZN 150.6 million with rise of 6.3%), and bank loans (AZN 247.7 million with rise by 32.1%),

In January to July, the state investments totaled AZN 3.270 bn and  AZN 1.297 bn – non-state investments.   Investments from State Budget amounted to AZN  1.45 bn with target for the year in the amount of AZN 3.549 bn.

In 2009, capital investments in Azerbaijani economy reached AZN 7.358 bn (USD 9.198 bn) that is by 18.7% less against the 2008 figure.

In 2008, Azerbaijani economy was invested AZN 9.07 bn (USD 11.065 bn; USD 1 = AZN 0.82) that exceeds investments in 2007 by 34.3%. In 2006, Azerbaijani economy was invested AZN 5.963 bn (USD 6.7 bn) with growth of 14.8% and in 2007 - AZN 6.774 bn (USD 7.97 bn) with growth of 17.8%.