Foreign investments in Azerbaijan's fixed capital exceedes $2 billion
Baku, Azerbaijan, June 17
By Zulfiya Gurbanova - Trend:
The total volume of foreign investments in the fixed capital of Azerbaijan amounted to 1.81 billion AZN in January-May 2014 which is 18.3 percent more than the same period last year, according to the State Statistics Committee.
Some 80.1 percent (1452.2 million AZN) of investments made in fixed capital by the foreign countries and international organizations accounted for investors from the UK, Norway, USA, Turkey, Japan and France in January-May 2014, the report said.
The UK continues to maintain its leading position, its specific weight was 30.5 percent in the total foreign investment in Azerbaijan and the size of the investment itself - 553.9 million AZN.
During this period the Norwegian investments in Azerbaijan's economy amounted to 317.74 million AZN (with specific weight of 17.5 percent), United States - 186.84 million AZN (10.3 percent), Turkey - 174.98 million AZN(9.7 percent), Japan - 113.72 million AZN(6.3 percent), France - 105 million AZN (5.8 percent) and Iran - 100.91 million AZN(5.6 percent).
The largest volume of investments among the international financial institutions was allocated by the World Bank (WB) - 32.97 million AZN - with weight of 1.8 percent. The Asian Development Bank (ADB) spent some 18.01 million AZN(one percent), EBRD - 2.9 million AZN (0.1 percent) to the projects in Azerbaijan during January-May.
The official exchange rate on June 17 is 0.7843 AZN/USD.
Edited by CN