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United Kingdom remains top country for volume of investments in Azerbaijan

Business Materials 16 June 2009 17:17 (UTC +04:00)

Azerbaijan, Baku, June 16 / Trend , N. Ismayilova/   

The United Kingdom remains top country for volume of investments in Azerbaijan. British investments made up 41.3 percent of total investments to the country in May, State Statistics Committee said. The United Kingdom invested 191.6 million manat to Azerbaijan.

In May, 87.3 percent (404.9 million manat) were invested by investors from the UK, U.S., Japan, Norway, France and Turkey.

U.S. investments were 100.7 million manat (with percentage of 21.7 percent), Japanese - 41 million manat (8.8 percent), Turkey 20,5 million manat (4.4 percent), Norway 25.7 million manat (5.6 percent), France 25.3 million manat (5.5 percent), Austria 553,000 manat (0.1 percent), Swedish 456,500 manat (0.1 percent), Czech 6.59 million manat (1.4 percent), Korean 1.54 million manat (0.3 percent), Italian 321,600 manat (0.1 percent), German 0,500 manats and Kazakhstan 428,900 manat (0.1 percent).

The World Bank accounted for the largest volume of investments among financial institutions - 27.64 million manat. Asian Development Bank invested 9.55 million manat (2 percent), Islamic Development Bank 1.52 million manat (0.3 percent) and Kuwait Economic Development Fund 460,400 manat (0.1 percent).

On June 16, the official exchange rate is 0. 8039 manat to $1.

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