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Foreign Investment in Azerbaijan Expected to Drop by 20% by End of 2011

Business Materials 12 November 2007 12:14 (UTC +04:00)

Azerbaijan, Baku / Trend corr I. Khalilova /Under the State Investment Program the Azerbaijani Government expects the total investment in Azerbaijan to make up AZN 15.581bln, with internal investments comprising AZN 12.362bln and foreign investments amounting to AZN 3.219bln, the Government reported.

Investments are expected to rise mainly in 2008-09 and in following two years they will drop. Internal financing will increase as a result of a decrease in foreign investments.

Sources Unit 2008 2009 2010 2011 2008-2011
Internal sources Mln of AZN 3374 3243 3035 2710 12362
Specific weight % 83.4 76.6 77.2 79.8 79.3
Public budget Mln of AZN 2841 3000 2815 2660 11316
Specific weight % 70.2 70.8 71.5 78.3 72.6
State Oil Fund Mln of AZN 533 243 220 50 1046
Specific weight % 13.2 5.8 5.7 1.5 6.7
Foreign loans Mln of AZN 670 990 872 687 3219
Specific weight % 16.6 23.4 22.8 20.2 20.7
Total Mln of AZN 4044 4233 3907 3397 15581

In 2008, investments will grow by 50%, compared to expenditure for 2007, and will constitute AZN 2.841bln, with 65.2% to finance projects already implemented and 34.8% to finance new projects.

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