OREANDA-NEWS. November 18, 2011. Investments in Azerbaijani economy this October dropped by 9% against September.

The State Statistics Committee (SSC) informs that over Jan-Oct 2011 capital investments in country’s economy totaled AZN 8.649 bn (USD 10.948 bn in accord with average exchange rate: AZN 0.79 to the US dollar) that is by 21.7% more versus Jan-Oct 2010. October’s investments totaled AZN 1.07 bn versus AZN 1.178 bn in September, AZN 906.8 million in August, AZN 1.01 bn in July, AZN 1.06 in June, AZN 826.5 million in May, AZN 813.4 million in April and AZN 655.5 million in March of 2011.

In 2010 investments made up AZN 9.715 bn, including AZN 2.01 bn (the best index of investments per month for the entire history) in December.

According to the SSC data, for Jan-Oct 2011 domestic sources’ investments totaled AZN 6.6 bn that makes up 76.7% of all investments. Foreign investments reached AZN 2.018 bn that makes up 23.3% of all investments. Last year the ratio between domestic and foreign investments was 75.2% and 24.8%, and in October of 2011 – 77.4% and 22.6%.

Over Jan-Oct 2011 the key sources of investments were enterprises’ funds (AZN 4.08 bn with 8.1% rise), budget finances (AZN 3.297 bn with rise of 45.6%), bank loans (AZN 671.8 million with a 91.1% rise), extra-budgetary funds (AZN 299 million with fall of 26.4%), and population’s funds (AZN 291.7 million with rise of 0.6%).

For the past 10 months state investments totaled AZN 6.18 bn (71.5% of all investments) and non-state investments AZN 2.465 bn (22.6%). Investments from State Budget amounted to AZN 3.116 bn with annual forecast for AZN 6.05 bn.