Resources directed to fixed assets

In January-July 2018 resources amounted to 7457.3 million manats or 17.9% less than the same period of last year directed to fixed assets from all financial sources for development of economic and social sectors of the country. This decrease was due to the decline in investments in oil sector, and the amount of funds directed to the non-oil sector increased by 19.0 percent, including the non-oil investment 65.5 percent. 72.5% of total investments were directly spent for implementation of construction-installation works, 71.1% of used resources were per the share of product output objects, 21.1% - facilities on service fields and 7.8% to the construction of dwelling houses with total area of 1097.1 thousand square meters. Resources directed to fixed assets from internal sources made 56.6% of total investments.

Allocations of enterprises and organizations in total value of investments directed to fixed assets made 52.8%, bank credits – 13.7%, budget resources – 24.9%, population own funds – 6.3%, extra-budgetary funds – 1.6% and other funds – 0.7%.

In January-July 2018 Purification Facility Complex in Nakhchivan Autonomous Republic, a new building of Nakhchivan Teachers Institute, high-voltage equipment plant in Baku, "Yasamal-1" and "Gobu" electrical substations with 110/35/10 kilovolt and No 120 electrical substation with 35/10-6 kilovolt, Baku International Sea Trade Port Complex, new building of Modern Educational Complex named after Heydar ALiyev, administrative building of Baku City Statistical Office, Bona Dea International Hospital, “Dinamo” hotel, passage from Baku Olympic Stadium to Heydar Aliyev Avenue and multi-level road junction, polypropylene plant constructed in Sumgayit Chemical Industrial Park in Sumgayit city, two enterprises on yarn production of "Mingachevir Textile" LLC in Mingachevir Industrial Park in Mingachevir, Naftalan City Central Hospital in Naftalan, “Region Agropark” in Goranboy region, second line of Shamkir-Samukh-Goranboy main irrigation canal, "Dalimammadli" electrical substation with 110/35/10 kilovolt, Dalimammadli-Guschular-Fakhrali-Gurbanzade-Alpout highway, Khachmaz branch of "Azerkhalcha" OJSC in Khachmaz region, “Khazar” automobile plant in Neftchala Industrial District in Neftchala region, in addition an outpatient clinic with a queue number of 15 visits in Nakhchivan Autonomous Republic, 3 general educational school buildings with 922 seats, 5 general educational school buildings with 5816 seats in Baku, Sheki, Absheron, Balakan, Shamakhi and etc. objects were put into operation.

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