Foreign investments in Azerbaijan's economy increase by third
Azerbaijan, Baku, Dec. 14 /Trend J.Nasibova/
The total volume of foreign investments in Azerbaijan's economy in January-November 2012 amounted to 2.878.9 billion manat, which is 29.1 percent more than the same period of 2011, Azerbaijani State Statistics Committee said today.
In January-November, 91.2 percent (2.626.8 billion manat) of investments in Azerbaijan's economy made by foreign countries and international organizations fell to investors from the UK, U.S., Japan, Norway, Turkey, Czech Republic and France.
As before, the UK continues to retain its leading position in this list. Its share in total foreign investments hit 52.5 percent, while its investments amounted to 1.511 billion manat.
Investments of the U.S. amounted to 410.447 million manat (14.2 per cent), Japan - 277.656 million manat (9.6 percent), Norway - 152.168 million manat (5.3 percent), Turkey - 119.91 million manat (4.2 percent), Czech Republic - 108.481 million manat ( 3.8 percent), France - 46.97 million manat (1.6 percent), Saudi Arabia -3.03 million manat (0.1 percent), Korea - 10.7 million manat (0.4 percent), Germany - 7.85 million manat (0.3 percent), Gambia - 846,000 manat and Italy - 330,000 manat.
From international financial institutions, the World Bank invested 122 million manat with share of 4.3 percent, the Asian Development Bank - 101.5 million manat (3.5 percent), the Islamic Development Bank - 4.8 million manat (0.2 percent), the European Bank for Reconstruction and Development - 71,900 manat.
During eleven months, the largest volume of foreign investments in the country was made in November (527 million manat).
The official exchange rate is 0,7849 AZN/USD on Dec. 14.