Foreign investments in Azerbaijan's economy increase by quarter in 2012

Azerbaijan, Baku, Jan. 19 / Trend I.Khalilova /

The total volume of foreign investments in Azerbaijan's economy in 2012 amounted to 3.258.9 billion manat, which is 23.4 percent more than the same period of 2012, Azerbaijani State Statistics Committee said today.

In 2012, 90 percent (2.933 million 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 51.7 percent, while its investments amounted to 1.683.2 billion manat.

Investments of the U.S. amounted to 455.4 million manat (14 per cent), Japan - 310.9 million manat (9.5 percent), Norway - 169.9 million manat (5.2 percent), Turkey - 133.8 million manat (4.1 percent), Czech Republic - 128.1 million manat (3.9 percent), France - 51.6 million manat (1.6 percent), Saudi Arabia -3.03 million manat (0.1 percent), Korea - 10.7 million manat (0.3 percent), Germany - 9.14 million manat (0.3 percent), Gambia - 846,000 manat and Italy - 369,300 manat.

From international financial institutions, the World Bank invested 168.97 million manat with share of 5.2 percent, the Asian Development Bank - 120.49 million manat (3.7 percent), the Islamic Development Bank - 11.14 million manat (0.4 percent), the European Bank for Reconstruction and Development - 71,900 manat, EU - 1.011 million manat and Kuwaiti Fund for Economic Development - 83,600 manat.

In 2012, the largest volume of foreign investments in the country was made in November (527 million manat) and December (380 million manat).

The official exchange rate is 0.7848 manat to $1 on Jan. 19.