Foreign investments in Azerbaijani economy ups over 17 percent
Azerbaijan, Baku, November 18 /Trend, N. Ismailova /
Foreign investments in the economy of Azerbaijan in January-October 2011 totaled 2,018.4 million manat, an increase of 17.7 percent against the respective period of last year, the State Statistics Committee told Trend on Friday.
In January-October, 83.5 percent - 1,685.2 million - were invested by investors from the UK, US, Japan, Norway, Turkey, France, the Czech Republic, and Korea.
The UK continues to keep its leading position it terms of investments in Azerbaijan. The UK investments in the observed period - 893.5 million manat - were equivalent to 44.3 percent of total investments.
Other investments in the economy of Azerbaijan were made by the US-290.8 million manat (14.4 percent of total), Japan-181.8 million manat (9 percent), France-33 million manat (1.7 percent), Norway-101.5 million manat (5 percent), the Czech Republic-73.13 million manat (3.6 percent), Turkey-83.1 million manat (4.1 percent), Korea-28.3 million manat (1.4 percent), Switzerland-7.1 million manat (0.4 percent), Saudi Arabia-2.7 million manat (0.1 percent), Italy-473,900 manat, and Luxembourg-60,300 manat.
Of international financial institutes, the biggest investments - 151.3 million or 7.5 percent of total - were made by the World Bank. Further follow the European Bank for Reconstruction and Development-132.3 million manat (6.6 percent), the Asian Development Bank-36.5 million manat (1.8 percent), the Islamic Bank for Development-2.02 million manat (0.1 percent), and the Kuwaiti Fund for Economic Development-798,500 manat.
The official exchange rate on November 18 is 0.7865 AZN/USD.