UK remains largest investor in Azerbaijani economy
Baku, Azerbaijan, March 20
By Emin Aliyev - Trend:
The total volume of foreign investments in Azerbaijan's economy in January-February 2014 amounted to 589.8 million manat, which is similar to the volume of foreign investments in the same period of 2013, the Azerbaijani State Statistics Committee said on March 20.
In January-February, 91.1 percent (537.5 million manat) of investments in Azerbaijan's economy made by foreign countries and international organisations fell to investors from Great Britain, U.S., Japan, Norway, Turkey and the Czech Republic.
Great Britain continues holding a leading position. Its share in a total volume of foreign investments reached 55.5 percent, while its investments amounted to 327.07 billion manat.
U.S investments in the Azerbaijani economy amounted to 75 million manat (12.7 percent), Japan - 59.74 million manat (10.1 percent), Norway - 29.36 million manat (5 percent), Turkey - 23.19 million manat (3.9 percent) and the Czech Republic - 23.13 million manat (3.9 percent).
The World Bank invested 25.07 million manat with a share of 4.3 percent among the international financial institutions.
The Asian Development Bank allocated 15.97 million manat (2.7 percent) to implement the projects in Azerbaijan in January-February.
The official exchange rate is 0.7843 AZN/USD on March 20.
Translated by NH
Edited by SM