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Foreign investments in Azerbaijan's economy increase by half

Business Materials 16 July 2011 12:29

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

The total amount of foreign investments in Azerbaijan's economy hit 1.218.8 billion manat in January-June 2011, or 50.5 percent more compared to the same period of last year, the State Statistics Committee said.

In January-June, 88.5 percent (1.078.6 billion manat) of investments of foreign countries and the international organizations in the Azerbaijani economy accounted for investors from Great Britain, the U.S., Japan, Norway, Korea, Turkey, France and Czech Republic.
Great Britain continues to keep leading positions on amount of investments in Azerbaijan. The country's share in volume of foreign investments hit 51.2 percent. British investments hit 623.67 million manat.

The U.S investments hit 166.47 million manat (with special weight of 13.7 percent), Japanese - 101.,35 million manat (8.3 percent), French - 21.33 million manat (1.7 percent), Norwegian - 57.27 million manat (5.4 percent), Turkish - 48.1 million manat (3.9 percent), Czech - 51.02 million manat (4.2 percent), Korean - 9.3 million manat (0.8 percent), Swiss- 5.4 million manat (0.5 percent), Saudi Arabian - 2.7 million manat (0.2 percent), Italian - 395,200 manat and Luxembour's - 60,300 manat.

The major volume of investments was allocated by WB in the amount of 106.8 million manat with special weight of 8.8 percent. ADB allocated 22.62 million manat (1.9 percent) to implement projects in Azerbaijan, while Islamic Development Bank - 1.7 million manat (0.1 percent) and Kuwaiti Fund for Economic Development - 549,500 manat.
The official exchange rate is 0.7864 manat to $1 on July 16.

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