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.