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Azerbaijan invests around $12 billion abroad in 2013

Business Materials 25 March 2014 16:36 (UTC +04:00)
Azerbaijan invested $11.8 billion abroad in 2013.

Baku, Azerbaijan, March 25

By Abbas Akhundov - Trend:

Azerbaijan invested $11.8 billion abroad in 2013, according to the balance of payments of 2013, published on the website of the Central Bank of Azerbaijan (CBA).

This amount was generated through direct investments ($1.478 billion), portfolio investments ($322.8 million) and other investments ($9.959 billion), according to the balance of payments.

Some $1.039 billion of the direct investments were made in the oil and gas sector, while $438.9 million fell to other sectors.

Other investments include trade loans and advances ($4.83 billion), loans and advances ($256 million), deposits and cash ($4.87 billion).

The commitments worth $ 5.27 billion were formed in Azerbaijan in 2013, some $2.617 billion of which fell to direct investments while $1.04 billion fell to portfolio investments.

Translated by L.Z.

Edited by C.N.

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