INCREASED INVESTMENT ACTIVITY REMAINS STRONG IN PRIDNESTROVIE

08/06/19 13:38

INCREASED INVESTMENT ACTIVITY REMAINS STRONG IN PRIDNESTROVIE

Investments in health care increased more than three times, in social security - in fifteen

Tiraspol, August, 6. /Novosti Pridnestrovya/. Pridnestrovie is experiencing a spike of investment activity. According to the statistics of the Ministry of Economic Development and Trade of the PMR, the total amount of investments in fixed assets made by enterprises of all forms of ownership amounted to 632.3 million rubles in the first half of 2019.

This is 15.4% more than in the same period last year. And when comparing the volume of investments made by large and medium-sized businesses excluding small enterprises, the growth in real terms is 29.9%.

The volume of investments in the renewal of machinery, equipment, vehicles in the reporting period expanded by 48.8% to 402.3 million rubles, thereby ensuring 74.3% of all investments. 121.9 million rubles, or 86.3% of the first half of 2018 level, were allocated to finance construction and installation works.

The main source of financing investment projects was still enterprises` internal funds. In this way 86.6% of the total volume of investments in capital goods was financed. Last year, this figure was slightly lower - 85.7%.

At the same time, the share of budget financing of investments doubled, from 2.9% to 6.1%. There is also an increase in the volume of investments that were made through bank lending. In the structure of investment sources, its share reached 5.7% (+3.8 percentage points).

But the share of so-called other sources, by contrast, decreased several times, falling to 1.6% (-7.9 percentage points).

Almost 80% of the total investment was invested by private companies. The share of investments made by state and municipal structures is about 20%.

The largest amount of long-term financial resources was utilized in industry - 41.3% of the total. In monetary terms, the amount of investments in industry facilities reached 223.6 million rubles, which is 27.1% more than in the first half of 2018.

In the healthcare sector, a threefold increase in investment activity was recorded. However, in absolute terms, the indicator is still not so large - 4.8% of the total investment, or 25.9 million rubles.

The volume of investments in agriculture has almost doubled to 176.4 million rubles, which corresponds to 32.6% of all investments in the economy. “This has become possible, among other things, thanks to the implementation of preferential lending programs at the state level,” the report says.

The largest increase was shown in the sphere of social security. The volume of investments in this area increased by more than 15 times compared with last year. However, despite such a high growth rate, social security accounted for only 1% of the total investment, or 5.5 million rubles in monetary cost.

But in the “communications”, “housing”, “communal services” sectors, on the contrary, a decline of 31.4% was recorded; 26.9% and 9.9%, respectively.

 

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