Foreign investments in Azerbaijan's economy grew 1.5-fold over year
Azerbaijan, Baku, 14 June / Trend E. Aliyev /
Total volume of foreign investments in Azerbaijan's economy in January-May 2013 amounted to 1.533 billion manat, showing an increase of 45.6 percent compared to the same period last year, according to the report of the State Statistics Committee of Azerbaijan.
According to the report, 87.3 percent (1.337 billion manat) of investments in Azerbaijan's economy made by foreign countries and international organizations in January-May 2013 fell to the investors from the UK, USA, Norway, Turkey and the Czech Republic.
The UK continues to maintain its leading position; its share in the total volume of foreign investments in Azerbaijan has reached 42 percent, and the size of the investment itself - 643.4 million manat.
According to the report, U.S. investments totaled 194.6 million manat (with a weight of 12.7 percent), Norway - 161 million manat (10.5 percent), Japan - 149 million (9.7 percent), the Czech Republic - 99.8 million (6.5 percent), Turkey - 90.1 million manat (5.9 percent), France - 45.3 million (three percent), Russia and Iran - 33.3 million (2.2 percent) each.
Among international financial institutions, the largest volume of investments was allocated by the World Bank (WB) - 51 million manat with a weight of 3.3 percent. The Asian Development Bank (ADB) in January-May transferred 22.3 million (1.4 percent) to projects in Azerbaijan, the Islamic Development Bank (IDB) - 1.09 million manat.
In May, the volume of foreign investments in the country compared to April increased by 37.8 percent, compared to May 2012 - by 57.9 percent.
The official exchange rate on June 14 is 0.7846 AZN / USD.