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Foreign investments increase in Azerbaijan’s fixed capital

Business Materials 19 June 2015 17:43 (UTC +04:00)

Baku, Azerbaijan, June 19

By Azad Hasanli - Trend:

The total volume of foreign investments made in Azerbaijan's fixed capital in January-May 2015 was 2.6 billion Azerbaijani manats, or 43.65 percent more than in the same period of 2014, the country's State Statistics Committee said in its report as of January-May 2015.

The biggest amount of foreign investments has accounted for March (653.4 million manats since the beginning of the year, while the minimum amount has accounted for February (387.7 million manats).

Over 2.34 billion manats (89.3 percent) of investments made by other countries and international organizations in Azerbaijan's economy in January-May 2015, accounted for the investors from the UK, Norway, Turkey, the US, Sweden, Iran, Russia and Japan.

The UK is in lead as before. Its share in the total volume of foreign investments made during the reporting period totaled 32 percent (839.04 million manats).

Norway's investments since early 2015 totaled 370.46 million manats (14.1 percent share), Turkey - 363.3 million manats (13.8 percent), Russia and Iran - 179.8 million manats each (6.9 percent each), the United States - 142.2 million manats (5.4 percent) and Japan - 128.3 million manats (4.9 percent), Sweden - 140.07 million manats (5.3 percent).

The official exchange rate is 1.0474 AZN/USD June 19.

Edited by CN

Follow the author on Twitter: @AzadHasanli

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