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Great Britain maintains leading position in terms of investments in Azerbaijan in 2010

Business Materials 21 January 2011 13:03

Azerbaijan, Baku, Jan.21 / Trend N. Ismayilova /

Great Britain maintained its leading position in terms of investments in Azerbaijan in 2010. Its share in the total foreign investments was 51.9 percent, the Azerbaijani State Statistics Committee reported. The investments amounted to 1.247 billion manat.

Last year, 94.8 percent of the funds invested by foreign countries and international organizations in Azerbaijan fell to investors from Great Britain, the United States, the Czech Republic, Japan, Norway, Korea, France and Turkey.

U.S. investments accounted for 359.38 million manat (14.9 percent), Japanese - 180.11 million manat (7.5 percent), Norwegian - 111.87 million manat (4.7 percent), French - 29.39 million manat (1.2 percent), Turkey - 94.8 million manat (3.9 percent), Korean - 40.23 million manat (1.7 percent), Czech - 216.7 million manat (9 percent) , UAE - 390,600 manat, Saudi Arabia - 4.27 million manat (0.2 percent), Russia - 1.937 million manat (0,1 percent), German - 700,000 manat, Austrian - 551,800 manat Italian - 321,500 manat, Swiss - 2.18 million manat, Luxemburg - 11,100 manat.

From international financial institutions, the largest investment fell to the World Bank at 79.9 million manat, with a 3.3 percent share. The Asian Development Bank has spent 32.22 million manat (1.3 percent) on the implementation of projects in Azerbaijan, while the Islamic Development Bank has spent 3.68 million manat (0.2 percent).

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