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Foreign investment in fixed assets amounted to about $3 billion since beginning of year

Business Materials 15 July 2014 19:22 (UTC +04:00)
The total volume of foreign investment made in the fixed capital of Azerbaijan amounted to 2.2 billion AZN in January-June 2014, which is 15.8 percent more than the same period last year, according to the report of the State Statistical Committee.

Baku, Azerbaijan, July 14
By Zulfiyya Gurbanova - Trend:

The total volume of foreign investment made in the fixed capital of Azerbaijan amounted to 2.2 billion AZN in January-June 2014, which is 15.8 percent more than the same period last year, according to the report of the State Statistical Committee.

Some 80.3 percent (1794.1 million AZN) of investment made in fixed capital by the foreign countries and international organizations in January-June, 2014 accounted for investors from the UK, Norway, U.S., Turkey, Japan and France, the report said.

The UK continues to maintain its leading position, its share in the total foreign investment in Azerbaijan amounted to 31.2 percent, and the size of the investment - 697.5 million AZN.

During the reported period, the Norwegian investments in Azerbaijan's economy amounted to 399.24 million AZN (with a specific weight of 17.9 percent), U.S. - 216.98 million AZN (9.7 percent), Turkey - 209.58 million AZN (9.4 percent), Japan - 139.12 million AZN (6.2 percent), France - 131.67 million AZN (5.9 percent) and Iran - 127.59 million AZN (5.7 percent).
The largest volume of investments out of the international financial institutions was allocated by the World Bank - 34.71 million AZN with specific weight of 1.6 percent.

The Asian Development Bank (ADB) spent 19.52 million AZN (0.9 percent), EBRD - 2.9 million AZN (0.1 percent) to projects in Azerbaijan during January-June.

The official exchange rate on July 15 is 0.7844 AZN / USD.

Edited by CN

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