Volume of foreign investment to Azerbaijan exceeds $1.6 billion in first six months

Business Materials 16 July 2012 16:35

Azerbaijan, Baku, July 16 /Trend A.Hasanov/

The total volume of foreign investments in the first half of 2012 in Azerbaijan's economy amounted to 1308.6 million manat, which is 5.2 per cent more compared to the same period last year, the State Committee on Statistics said Monday.

Some 93 per cent (1217.5 million manat) of investments in Azerbaijan's economy invested by foreign countries and international organisations in January-June accounts for investors from the UK, U.S., Japan, Norway, Turkey, France and the Czech Republic.

The UK continues to maintain its leading position. Its share in total foreign investment amounted to 41.1 per cent, and investments themselves - 616.92 million manat.

American investments totalled 225.25 million manat (with a weight of 17.2 per cent), Japanese - 148.47 million manat (11.4 per cent), French - 29.44 million manat (2.2 per cent), Norway - 82 24 million manat (6.3 per cent), Czech - 50.22 million manat (3.8 per cent), Turkish - 64.92 million manat (five per cent), German - 1.25 million manat (0.1 per cent) , Saudi - 3 million manat (0.2 per cent) and Korea - 3.72 million manat (0.3 per cent).

The largest amount of investment from international financial institutions has been invested by the World Bank - 50.4 million manat with a weight of 3.9 per cent. The Asian Development Bank has sent 31.29 million manat (2.4 per cent) for projects in Azerbaijan, the Islamic Development Bank - 343.5 thousand manat and the European Bank for Reconstruction and Development (EBRD) - 60.1 million manat.

Official exchange rate on July 16 is 0.7855 AZN/USD