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Caspian Energy Journal Caspian European Club
Monday, 08 September 2014 20:00

Investments in communications field increased

Along with a number of areas, credit investments in the field of communications have also increased over 7 months of current year, according to Central Bank’s statistical indicators “The structure of credit investments by spheres”, Caspian Energy News (www.caspianenergy.net) reports with reference to the press-service of the Ministry of Communication and High Technologies of Azerbaijan. 

 

According to statistics released by Central Bank, during this period, the volume of credits in transport and communications sector increased AZN72.7 million and reached AZN578.7 million. In addition, the volume of credits directed to the trade and service spheres increased AZN 238.9 million and amounted to AZN 2 billion 458.8 million. Industrial and manufacturing sector saw an increase of AZN478.4 million and amounted to AZN1 billion 994.8 million.

 

Note that for the period of January-July of this year, credit investments in the real sector increased by AZN1 billion 611.1 million or 10.4% from AZN15 billion 422.9 million to AZN17 billion 34 million.

 

AZN 6 billion 986.1 million credit investments were granted to households, including AZN 999, 6 million  was granted for the construction and purchase of real estate, (including mortgage loans).

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