Baku, Azerbaijan, Sept. 18
By Anvar Mammadov – Trend:
Azerbaijan’s net financial assets amounted to $3.34 billion in the first half of 2017, as compared to $4.07 billion (a 17.9-percent decrease) in the same period of 2016, according to the balance of payments, posted on the website of the country’s Central Bank (CBA) Sept. 18.
In 1H17, net financial assets were formed through direct investments made by Azerbaijan abroad ($1.04 billion), portfolio investments (- $28.6 million), derivative financial instruments (- $3.3 million) and other capital investments ($2.34 billion).
Thus, $797.3 million of direct investments was made by Azerbaijan in the oil and gas sector, while $237.8 million accounted for other spheres.
Other investments include trade loans and advances ($1.05 billion), loans ($5.4 million), deposits and cash ($1.29 billion).
Net financial liabilities of Azerbaijan totaled $3.74 billion during the period. Meanwhile, $1.68 billion accounted for direct investments attracted into the country’s economy, $946.7 million accounted for portfolio investments and $1.11 billion accounted for other investments.
More than 72 percent ($1.22 billion) of direct investments was made in Azerbaijan’s oil and gas sector, while the remaining $462.4 million was made in other spheres.
Other investments include trade loans and advances ($204.9 million), loans (about $1.1 billion) and deposits and cash (- $193.2 million).