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 mission held constructive discussions with Prime Minister Emmanuel Nadingar, Finance Minister Gata Ngoulou, Infrastructure Minister Adoum Younousmi, and other senior officials.
more »
The EBRD is helping to improve the quality of power supply and stimulate renewable sources of energy in the Caucasus with an €80 million sovereign loan to Georgia for the construction of a new high voltage transmission line - the Black Sea High Voltage line, which will interconnect Georgia and Turkey.
more »
The EBRD is helping to improve the infrastructure of the Georgian capital, Tbilisi, with a €100 million loan for the construction of a new railway route bypassing the city.
more »
One of the men considered to be the founding fathers of the euro currency met MEPs on the Foreign Affairs Committee Tuesday (16 March) to talk about transatlantic relations.
more »
European Trade Commissioner Karel De Gucht today opened a conference focused on the European Union's trade policy towards developing countries.
more »
At the beginning of the 2000s, state ownership in financial intermediation in Mexico accounted for about 20 percent of the total credit of the banking system, provided through development financial institutions and funds.
more »
Halving the number of business failures by offering individual support, doubling the number of young people who want to start their own business or raising by 500% the number of enterprising new cooperatives are just some of the projects nominated for the European Enterprise Awards 2010.
more »
The European Commission has published the fourth call for proposals for the creation and upgrade of freight transport services under the second Marco Polo programme.
more »
The European Central Bank (ECB) today announced a programme of technical cooperation with the Central Bank of Bosnia and Herzegovina, in collaboration with a number of euro area national central banks (NCBs).
more »
The EU disbursed today €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package.
more »