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Foreign investments in Azerbaijan’s fixed capital increase by over 40%

Business Materials 17 May 2015 12:06 (UTC +04:00)

Baku, Azerbaijan, May 17

By Anvar Mammadov - Trend:

The total volume of foreign investments made in Azerbaijan's fixed capital in Jan.-Apr. 2015 was 2.05 billion Azerbaijani manats, or 42.4 percent more than in the same period of 2014, the country's State Statistical Committee said in its report on four months of 2015.

The official exchange rate on May 17 is 1.0472 AZN/USD.

Over 1.69 billion manats (82.3 percent) of investments made by other countries and international organizations in Azerbaijan's economy in Jan.-Apr. 2015, accounted for the investors from the UK, Norway, Turkey, the US, Iran, Russia and Japan.

The UK is in lead as before. Its share in the total volume of foreign investments made during the reporting period totaled 31.8 percent (651.16 million manats).

Norway's investments since early 2015 totaled 286.06 million manats (14 percent share), Turkey - 265.69 million manats (13 percent), Russia and Iran - 133.999 million manats each (6.5 percent each), the United States - 112.09 million manats (5.5 percent) and Japan - 102.997 million manats (five percent).

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