Net financial assets increase in Azerbaijan
Baku, Azerbaijan, March 30
By Anvar Mammadov - Trend:
In 2015, net financial assets of Azerbaijan amounted to $13.72 billion, which is 17.4 percent more than in the same period of 2014, said the balance of payments on the results of 2015 published on the website of the Central Bank of Azerbaijan (CBA).
For comparison, in 2014, the figure was $11.69 billion.
Net financial assets in 2015 were formed at the expense of foreign direct investments implemented by Azerbaijan ($3.26 billion), portfolio investments ($380.3 million) and other investments ($10.08 billion), according to the balance of payments.
From direct investments, $1.81 billion were invested by Azerbaijan in oil and gas sector, $1.45 billion in other sectors.
Other investments include trade credits and advances ($3.7 billion), loans and advances ($146.8 million), deposits and cash ($6.23 billion).
Azerbaijan's commitments in the reporting period were formed in the amount of nearly $4.7 billion, some $4.05 billion of which fell on direct investments in the economy of the country, $772.6 million - on portfolio investment. During the reporting period, some $124.7 million of other investments were repatriated.
Some $3.23 billion of direct investments were invested in the oil and gas sector of Azerbaijan, $818.2 million - in other sectors.
Other investments include trade credits and advances ($118 million), loans and advances ($1.35 billion), deposits and cash (-$1.59 billion).