Azerbaijan’s direct foreign investments increase
Baku, Azerbaijan, March 30
By Azad Hasanli - Trend:
Azerbaijan's direct foreign investments increased by 49.5 percent and stood at $2.209 billion in 2014, according to the balance of payments posted on the website of the country's Central Bank on Mar.29.
Azerbaijan's net financial assets totaled $11.7 billion in 2014. This sum was formed with Azerbaijan's direct foreign investments (around $2.209 billion), portfolio investments ($429.5 million) and other investments (around $9.054 billion), according to the balance of payments.
Azerbaijan invested $1.481 billion of the total volume of direct investments in the oil and gas sector and $727.8 million in other sectors.
The other investments include trade loans and advances (around $4.086 billion), loans and lending ($189.2 million), deposits and cash ($4.779 billion).
Azerbaijan's investments exceeded $8.273 billion in 2014 and over $8.049 billion of this amount accounted for direct investments made in the country's economy (or around $4.414 billion taking into account the repatriation of attracted investments), while around $1.751 billion accounted for portfolio investments.
Moreover, $3.133 billion of the direct investments was made in Azerbaijan's oil and gas sector, around $1.281 billion in other sectors.
The other investments include trade loans and advances (around $138.2 million), loans and lending (around $1.544 billion), deposits and cash ($410 million).
Edited by SI
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