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Foreign investments increases in Azerbaijan's economy

Business Materials 17 March 2010 20:59 (UTC +04:00)

Azerbaijan, Baku, March 17 / Trend , I.Khalilova/

In January-February 2010, Britain retained a leading position for the amount of investments in Azerbaijan's economy, the share of the total foreign investment amounted to 52.6 percent, State Statistics Committee reported. Its investment totaled $163.4 million manat.

For two months, 88.6 percent (275.5 million manat) of investments in Azerbaijan's economy by foreign countries and international organizations accounted for investors from the UK, U.S., Japan, Norway, Turkey and Korea. Total foreign investments in the country during the reported period amounted to 310.89 million manat (including 92.4 million manat in February), which grew by 84.1 percent compared to the same period of the last year.

U.S. investment totaled 49.39 million manat (with weight of 15.9 percent), Japanese - 25.8 million manat (8.3 percent), Norwegian - 16.03 million manat (5.1 percent), Turkey - 12.7 million manat (4.1 percent), Korean - 8.17 million manat (2.6 percent), Russia - 1.94 million manat (0.6 percent), Saudi Arabia - 1.92 million manat (0, 6 percent), UAE - 390,600 manat (0.1 percent), French - 313,400 manat (0.1 percent), Austria - 260,100 manat (0.1 percent), Italian - 80,300 manat, Swiss - 2,100 manat.

From the international financial institutions, the largest amount of investments accounted for the World Bank - 27.75 million manat in weight of 9 percent. Asian Development Bank provided for projects in Azerbaijan 2.007 million manat (0.7 percent), Islamic Development Bank - 675,000 manat (0.2 percent).

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