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
On 11 February, heads of state or government of European Union member states will meet in Brussels to seek a commitment towards implementing a revitalised economic strategy to boost employment and growth in the EU.
more »
International Monetary Fund forecasts that Lithuania’s economy will grow 1.6 % this year, making it “the only one of the three Baltic economies expected to be in the positive territory in 2010”.
more »
Raynair announced it would open its 40th and 1st Central European base at Kaunas, Lithuania’s second largest city, in May with 2 based aircraft and 18 routes.
more »
A new Partnership Strategy for Morocco has been approved by the Board of Executive Directors of the World Bank.
more »
The electric car is an opportunity for European industry.
more »
The EBRD’s Board of Directors has adopted a new strategy for Kazakhstan, which reinforces the Bank’s commitment to further support the Kazakh economy and sets out the priorities for its activities in the country over the next three years.
more »
The European Commission has authorised, under EU state aid rules, plans notified by Sweden to provide a guarantee that would enable Saab Automobile AB to access a loan from the European Investment Bank (EIB).
more »
At the informal meeting of the Ministers of Competitiveness (Science and Industry), to be held between 7 and 9 February in San Sebastian, the issues on the table will include placing science at the top of the EU agenda and showcasing its role in economic recovery, as well taking the debate on the electric vehicle to EU level.
more »
The Executive Board of the International Monetary Fund (IMF) today approved a 27-month Stand-By Arrangement with Jamaica in the amount of SDR 820.5 million (about US$1.27 billion) to support the country’s economic reforms and help it cope with the consequences of the global downturn.
more »
Mr. Nadeem Ilahi, chief of an International Monetary Fund (IMF) staff mission to the Kyrgyz Republic, issued the following statement today in Bishkek.
more »