Almost one third of foreign investments in Azerbaijan's economy accounts for UK
Baku, Azerbaijan, Nov. 17
By Maksim Tsurkov - Trend:
The total volume of foreign investments in Azerbaijan's economy amounted to 3.972.5 billion AZN in January-October 2014 which is 17.6 percent more than in the same period of last year, according to the State Statistics Committee's report as of ten months.
The official exchange rate is 0, 7843 AZN/USD Nov. 17.
Some 79.6 percent (over 3.16 million AZN) of investments made in Azerbaijan's economy by the foreign countries and international organizations accounted for investors from the UK, Norway, U.S, Turkey, Japan and France in January-October 2014, the report said.
The UK continues to maintain its leading position, its specific weight was 32.3 percent in the total foreign investments and the amount of the investments - 1.284.764 billion AZN.
During this period Norway's investments in Azerbaijan's economy amounted to 726.204 million AZN (with specific weight of 18.3 percent), U.S investments - 323.882 million AZN (8.2 percent), Turkey's investments -345.719 million AZN (8.7 percent), Japan's investments - 228.39 million AZN (5.7 percent), France's investments -254.236 million AZN (6.4 percent).
The largest amount of investments among the international financial institutions was allocated by the World Bank (WB) - 111.56 million AZN - with weight of 2.8 percent. The Asian Development Bank (ADB) allocated over 51.19 million AZN (1.3 percent), EBRD - 3.2 million AZN (0.1 percent) to the projects in Azerbaijan during January-September.