Azerbaijan invests more abroad
Baku, Azerbaijan, Dec. 11
By Azad Hasanli - Trend:
Azerbaijan's net assets amounted to $7.9 billion in January-September 2014, the balance of payments as of the third quarter of 2014, published on the website of the Central Bank of Azerbaijan (CBA) Dec. 11, says.
This amount has been formed through Azerbaijan's direct investments ($1.206 billion), portfolio investments ($156.4 million) and other investments ($6.492 billion) made abroad, the balance of payments says.
Around $893.1 million of direct investments were made by Azerbaijan in the oil and gas sector, $313.6 million - in other sectors.
Other investments include trade loans and advances ($3.064 billion), loans and advances ($104.1 million), deposits and cash ($3.324 billion).
Azerbaijan's obligations were formed in the amount of $5.972 billion for the first nine months of this year.
Around $5.817 billion accounted for direct investments in the country's economy (or $3.164 billion given the repatriation of drawn investments), $1.747 billion - portfolio investments.
Around 2.343 billion of direct investments were made in the oil and gas sector of Azerbaijan, $821.4 million - in other sectors.
Other investments include trade loans and advances ($117.5 million), loans and advances ($791.5 million), deposits and cash ($133.9 million).
Azad Hasanli is Trend Agency's staff journalist, follow him on Twitter: @AzadHasanli
Edited by CN