Baku, Azerbaijan, Nov. 19
By Emin Aliyev - Trend:
The total amount of foreign investments in Azerbaijan's economy amounted to 3.38 billion manat in January-October 2013, which is 43.2 percent more compared to the same period of last year, the Azerbaijani State Statistics Committee said today.
According to the report, in January-October 2013 some 87.7 percent (2.962.1 billion manat) of investments in Azerbaijan's economy made by foreign countries and international organisations accounted for investors from the UK, the U.S., Japan, Norway, Turkey, the Czech Republic and France.
The UK continues to maintain a leading position in the list of foreign investors in Azerbaijan. This country's specific weight in the total foreign investments made up 36.6 percent, while the investments totalled 1.235 billion manat.
According to the report, Norwegian investments in the Azerbaijani economy totalled 407.95 million manat (with a specific weight of 12.1 percent), the U.S. - 419.47 million manat (12.4 percent), Japanese - 316.46 million manat (9.4 percent), Czech - 216.07 million manat (6.4 percent), Turkish - 243.44 million manat (7.2 percent), French - 123.58 million manat (3.6 percent), Russia and Iran - 100.73 million manat each (3 percent each).
Among international financial institutions, the largest volume of investments was allocated by the World Bank - 122.62 million manat with a specific weight of 3.6 percent. In January-October, the Asian Development Bank allocated 37.49 million manat (1.1 percent) for implementation of projects in Azerbaijan and the Islamic Development Bank allocated 7.77 million manat (0.2 percent).
The official exchange rate is 0.7844 AZN/USD on Nov. 19.