Foreign investments in Azerbaijan's economy up by fourth
Azerbaijan, Baku, Oct. 20 / Trend N.Ismayilova/
The total amount of foreign investments in Azerbaijan's economy hit 1.775.5 billion manat in January-September 2011, or 25.6 percent more compared to the same period of last year, the State Statistics Committee told Trend on Thursday.
In January-September, 89.8 percent (1.594.8 billion manat) of investments of foreign countries and the international organizations in the Azerbaijani economy accounted for investors from UK, USA, Japan, Norway, Turkey, France, the Czech Republic and Korea.
Great Britain continues to keep leading positions on amount of investments in Azerbaijan. Its country's share in volume of foreign investments hit 51.3 percent. British investments hit 910.2 million manat.
The U.S. investments accounted for 256.8 million manat (with weight of 14.5 percent), Japanese - 160.6 million manat (9 percent), French - 32.95 million manat (1.9 percent), Norwegian - 89.7 million manat (5 percent), Czech - 54.02 million manat (3 percent), Turkish - 73.8 million manat (4.2 percent), Korean - 16.78 million manat (0.9 percent), Swiss - 6.8 million manat (0.4 percent), Saudi Arabia - 2.7 million manat (0.2 percent), Italian - 473,900 manat, Luxembourg's investments - 60,300 manat.
The major volume of investments was allocated by WB to the amount of 136.5 million manat with special weight of 7.7 percent. ADB allocated 31.27 million manat (1.8 percent) to implement projects in Azerbaijan, while Islamic Development Bank - 2.01 million manat (0.1 percent) and Kuwaiti Fund for Economic Development - 799,100 manat.
The official exchange rate is 0.797 manat to $1.