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75 percent of foreign investments in Azerbaijani economy fells to 6 counties

Business Materials 15 February 2011 17:50 (UTC +04:00)

Azerbaijan, Baku, Feb. 15 / Trend I.Khalilova /

Total volume of foreign investments in the capital of Azerbaijan hit 161.8 million manat in January 2011, which is less by 30 percent compared to the same period last year, the State Statistics Committee said on Tuesday.

In January, 75.3 percent (121.9 million manat) of investments of foreign countries and the international organizations to the Azerbaijani economy fall on share of investors from Great Britain, the USA, Japan, Norway, Korea and Turkey.

Great Britain continues to keep leading positions on volume of investments to Azerbaijan. The country's share in volume of foreign investments hit 41.3 percent. British investments hit 66.8 million manat.

The U.S investments hit 25.52 million manat (weight 15.8 percent), Japanese - 12.28 million manat (8.4 percent), Norwegian - 6.9 million manat (6.9 percent), Turkish - 5.5 million manat (3.4 percent), Korean - 4.8 million manat (2.9 percent), and Swiss- 425,400 manat (1.8 percent).

The biggest volume of investments was allocated by WB to the amount of 29.5million manat given weight of 18.2 percent.

Asian Development Bank allocated 9.35 million manat (5.8 percent) and Islamic Development Bank - 700,600 manat (0.4 percent) to realize projects in Azerbaijan.

The official exchange rate is 0.7954 manat to $1 Feb. 15.

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