Baku, Azerbaijan, Sept. 10
By Anvar Mammadov - Trend:
In the first half of 2016, net financial assets of Azerbaijan amounted to $4.07 billion, which is 54.5 percent less than in the same period of 2015, said the balance of payments on the results of Jan.-June 2016 published on the website of the Central Bank of Azerbaijan (CBA).
For comparison, in Jan.-June 2015, the figure was $8.94 billion.
Net financial assets in Jan.-June 2016 were formed at the expense of foreign direct investments implemented by Azerbaijan ($1.49 billion) and other investments ($2.67 billion), according to the balance of payments.
In addition, 82.1 million portfolio investment and 0.7 million derivative financial instruments were repatriated from Azerbaijan.
From direct investments, $963.1 million were invested by Azerbaijan in oil and gas sector, $526.9 million in other sectors.
Other investments include trade credits and advances ($1.74 billion), loans and advances ($16.4 million), deposits and cash ($909.7 million).
Azerbaijan's commitments in the reporting period were formed in the amount of nearly $1.89 billion, some $2.15 billion of which fell on direct investments in the economy of the country, $489.4 million - on portfolio investment. During the reporting period, some $743.3 million of other investments were repatriated.
Some $1.48 billion of direct investments were invested in the oil and gas sector of Azerbaijan, $666.5 million - in other sectors.
Other investments include trade credits and advances ($300.3 million), loans and advances (-$724.2 million), deposits and cash (-$319.4 million).