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Azerbaijan invests over $3 billion abroad in Q1 of 2014

Business Materials 10 June 2014 15:31 (UTC +04:00)

Baku, Azerbaijan, June 10

By Zulfiyya Gurbanova - Trend:

Azerbaijan's net financial assets totaled $3.4 billion in the first quarter of 2014, according to the balance of payments January-March, 2014, posted on the website of the country's Central Bank (CBA) on June 10.

This amount was generated through direct investments ($163.5 million), portfolio investments ($76.4 million) and other investments (over $3.206 billion), according to the balance of payments.

Some $112.2 million of the direct investments were made in the oil and gas sector, while $51.3 million fell to other sectors.

Other investments include trade loans and advances ($1.594 billion), loans and borrowings ($21.7 million), deposits and cash (over $1.590 billion).

The commitments worth $2.837 billion were formed in Azerbaijan in the first quarter of 2014, some $941.2 million of which fell to direct investments, while $1.233 billion fell to portfolio investments.

Edited by CN

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