IN 2004 A GROWTH OF INVESTMENTS TO THE ECONOMY OF AZERBAIJAN FROM ALL SOURCES WILL MAKE 30%
Published:
10 May 2004 y., Monday
The investments to the economy of Azerbaijan from all sources in 2004 will increase by 30% expectedly. And non-oil sector makes 80% of this growth. The Chief of the Financing-Credit and Economic Policy Department of the Cabinet of Azerbaiijan Mr. Oktay Akhverdiev has called such rates.
By his words, the state investments this year will make about 460 bn manats. However, these means will be transferred for financing the share of the state in the different projects invested by international financing structures. As well a number of projects will be realized in the regions of the country. Besides, the realization of several projects within frameworks of the state program "Reduction of Poverty and Economic Development of Azerbaijan" will start.
In accordance with results of the past year 17.81 trln manats were transferred to the economy of the country or 71.2% more than in 2002. And the non-governmental sector received 15.805 trln manats or 88.7% of all investments.
Totally the past year the volume of investments in account of internal sources made 3.47 trl manats (19.5% of all investments) and 14.341 trln manats for foreign. The volume of foreign investments for 2003 has grown by 84.2% in comparison with 2002.
The total volume of investments to the economy of Azerbaijan since 1992 (a period of reception of independence) up to 2003 made $16.5 bn manats.
The official rate by May 7 - 4916 manats/$1.
Šaltinis:
MEDIA-PRESS
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Parliament's proposal for its own operational budget for 2011 includes the financing of measures in preparation for enlargement with Croatia.
more »
Links between business and the academic world need to be strengthened but higher education institutions must retain their autonomy and public support, says a resolution adopted on Thursday by the European Parliament.
more »
The Spanish Minister of Economy and Finance, Elena Salgado, will present the additional fiscal tightening measures set out by the Spanish Government to her eurozone (Eurogroup) counterparts on Monday; the measures were required by Spain’s European partners as a condition of approving the plan to bolster the euro on 9 May.
more »
The European Commission has opened an in-depth investigation under EU State aid rules into capital injections destined to two subsidiaries of state owned company Elan Skupina in Slovenia.
more »
GDP growth in the EU expected to gradually pick up, though recovery less robust than past upturns.
more »
The EESC tabled its opinion on the regulation of alternative investment funds, such as hedge funds and private funds. Although endorsing the much debated proposal of the European Commission, the EESC calls for uniform risk data provision for all such funds and emphasizes their responsibility in triggering the crisis.
more »
Concluding the process and deciding on the schedule for releasing the funds agreed on for Greece, as well as examining and learning lessons from the crisis for the governance of the eurozone, will be the focus of the discussions of the heads of state and government at the meeting in Brussels this Friday.
more »
The EU pavilion at the world expo in Shanghai marks the first time the EU has presented itself to a large Chinese audience.
more »
Shanghai's World Expo offers visitors plenty of fun offering bizarre things to do at over 200 pavillions competing for attention.
more »
The European Investment Bank (EIB) is providing a loan of EUR 150 million to MVM Zrt. for the capacity increase and the extension of a high-voltage transmission network, partly constituting priority axes of the Trans-European Energy Network (TEN-E) in Hungary.
more »