Foreign investments in Azerbaijan’s fixed capital increase by quarter in a year
Baku, Azerbaijan, May 17
By Emin Aliyev - Trend:
The total volume of foreign investments in Azerbaijan's fixed capital in January-April 2014, amounted to 1.44 billion manat, which is by 22.26 percent more compared to the same period of 2013, the Azerbaijani State Statistical Committee said on May 17.
Some 85.4 percent (1.231.9 billion manat) of investments made by foreign countries and international organizations in Azerbaijan's fixed capital in January-April 2014, fell to investors from Great Britain, the U.S., Norway, Turkey, the Czech Republic, Japan and France, according to the report.
Great Britain continues to hold a leading position. Its specific weight in the total volume of foreign investments in Azerbaijan amounted to 29.1 percent, while its investments amounted to 420.1 million manat.
The U.S investments in the Azerbaijani economy during the reporting period amounted to 162.11 million manat (with specific weight of 11.2 percent), Norway - 246.22 million manat (17.1 percent), Turkey - 144.91 million manat (10.1 percent), France - 88.39 million manat (6.1 percent), France - 81.25 million manat (5.6 percent) and the Czech Republic - 88.91 million manat (6.2 percent).
The largest volume of investments among international financial institutions was made by the World Bank (WB) - 23.53 million manat (with specific weight of 1.6 percent).
The Asian Development Bank (ADB) allocated some 17.9 million manat (1.2 percent) in January-April for the implementation of projects in Azerbaijan.
The official exchange rate is 0.7844 AZN/USD on May 17.