Great Britain invests over 200 million manat to Azerbaijan in first quarter

Azerbaijan, Baku, April 17 / Trend N. Ismayilova /

Great Britain has maintained a leading position in the first quarter of 2010 in terms of investment in Azerbaijan's economy. Its share in total foreign investment amounted to 50.1 percent, the State Statistics Committee said. Investments of the country amounted to 203,1 million manat, the total amount of foreign investments - 405.8 million manat.

About 90.1 percent (365.5 million manat) invested by foreign countries and international organizations to Azerbaijan's economy in January-March fall to investors from the UK, U.S., Japan, Norway, Korea and Turkey.

U.S investments totaled 73,2 million manat (18 percent), Japanese - 38.34 million manat (9.4 percent), Norway - 23.82 million manat (5.9 percent), French - 538.400 manat (0,1 percent), Turkey - 18.88 million manat (4.7 percent), Korean - 8.17 million manat (two percent), Russia - 1,94 million manat (0,5 percent), Czech - 1,77 million manat (0,5 percent), UAE - 390.600 manat (0.1 percent), Saudi Arabia - 1.923 million manat (0,5 percent), Austria - 495.100 manat (0, 1 percent).

The biggest volume of investments in the first quarter was made by the World Bank - 28.098 million manat (6.9 percent). Asian Development Bank invested 3.276 million manat (0,8 percent) to realize project in Azerbaijan, Islamic Development Bank - 1.749 million manat (0.4 percent).

On April 17, the official exchange rate is 0.8035 manat to $1.