...

Foreign investments in Azerbaijani economy increase by nearly 19%

Business Materials 16 December 2014 16:50 (UTC +04:00)

Baku, Azerbaijan, Dec. 16

By Azad Hasanli - Trend:

The total volume of foreign investments made in the Azerbaijani economy amounted to 4.400 billion AZN in January-November 2014, which is 18.9 percent more than in the same period of last year, according to the report of the Azerbaijani State Statistics Committee as of 11 months.

Some 92 percent (over 4.046 billion AZN) of investments made in fixed capital by the foreign countries and international organizations in January-November 2014 accounted for investors from Great Britain, Norway, U.S., Turkey, Japan, Iran, Russia and France, the report said.

The UK continues to maintain its leading position. Its share in the total foreign investment in Azerbaijan amounted to 32.4 percent, and the amount of the investments - 1.424 billion AZN.

During this period, Norway's investments in Azerbaijan's economy amounted to 812.894 million AZN (with a specific weight of 18.5 percent), U.S. investments - 346.018 million AZN (7.9 percent), Turkey's investments - 380.618 million AZN (8.6 percent), France's investments - 300.789 million AZN (6.8 percent), Japan's investments - 247.255 million AZN (5.6 percent), Iran's investments - 267.216 million AZN (6.1 percent), Russia's investments - 267.216 million AZN (6.1 percent).

The World Ban allocated the largest volume of investment from international financial institutions at 114.74 million AZN with specific weight of 2.6 percent.

The Asian Development Bank (ADB) allocated over 62.93 million AZN (1.4 percent), and EBRD - 3.2 million AZN (0.1 percent) to implement the projects in Azerbaijan during January-November.

The official exchange rate is 0.7845 AZN/USD Dec. 16.

Edited by CN

---

Azad Hasanli is Trend Agency's staff journalist, follow him on Twitter: @AzadHasanli

Tags:
Latest

Latest