Investment in Belarus grows 23.8% in Jan-July
MINKS. Aug 18 (Interfax) - Belarus increased fixed capital investment 23.8% year-on-year in January-July 2011 to 39.2 trillion Belarusian rubles, the National Statistics Committee told Interfax.
Belarus has forecast 16%-17% growth in investment in 2011.
Investment in acquisition of machinery and vehicles grew 33.3% in the seven months to 16.1 trillion Bel. rubles, or 41.1% of total investment. Imported machinery, equipment and vehicles accounted for 58.1% of this type of investment. The Committee said 22.6% of the imported equipment was purchased in Belarus.
State owned organizations used 20.3 trillion Bel. rubles of fixed capital investment, or 27.1% more than in January-July 2010
Construction and installation work was carried out to the tune of 19.1 trillion Bel. rubles, 22.2% up year-on-year in constant prices.
A total of 2.836 million square meters of housing was commissioned, down 16.3% year-on-year. This represents 37.8% of the target for 2011.
The Committee said 7.9 trillion Bel. rubles was spent on housing construction in January-July 2011, 20.3% of their total volume. Belarus invested 1.6 trillion Bel. rubles on construction of engineering and transport infrastructure facilities for housing construction areas, or 35.9% of the amount envisaged for 2011.