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Great Britain invests over third of foreign investments in Azerbaijani economy in Jan.

Business Materials 18 February 2013 18:36 (UTC +04:00)

Azerbaijan, Baku, Feb. 18 / Trend I.Khalilova /

The total volume of foreign investments in Azerbaijan's economy in Jan. 2013 amounted to 218.9 million manat, which is 9.7 percent less than the same period of 2012, Azerbaijani State Statistics Committee said today.

In Jan., 86.5 percent (189.5 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 and France.

As before, the UK continues to retain its leading position in this list. Its share in total foreign investments hit 36.4 percent, while its investments amounted to 79.669 million manat.

Investments of the U.S. amounted to 41.56 million manat (19 per cent), Japan - 29.87 million manat (13.6 percent), Norway - 16.27 million manat (7.4 percent), Turkey - 12.85 million manat (5.9 percent), France - 9.24 million manat (4.2 percent) and Italy - 15,700 manat.

From international financial institutions, the World Bank invested 20.62 million manat with share of 9.4 percent.

The Asian Development Bank allocated 8.72 million manat (4 percent) and the Islamic Development Bank - 92,500 manat (0.1 percent) to implement projects in Azerbaijan in Jan.

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 0.7847 manat to $1 on Feb. 18.

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