Baku, Azerbaijan, July 11
By Anvar Mammadov - Trend:
Investment by the European Bank for Reconstruction and Development (EBRD) in Azerbaijan in the first five months of 2018 increased by 415 million euros and at the end of May 2018 totaled 3.169 billion euros, the Bank’s head office told Trend.
According to the data as of January 1, 2018, the EBRD allocated 2.817 billion euros to Azerbaijan.
The message says the share of the private sector in total investments is 25 percent, 8 percentage points less than at the beginning of the year.
During the period, Azerbaijan paid 371 million euros to the EBRD. As a result, the total amount of payments increased by 18.7 percent and amounted to over 2.35 billion euros. The Bank's operating assets in Azerbaijan amounted to 992 million euros, an increase of 42.2 percent compared to the beginning of the year.
The number of active EBRD projects in Azerbaijan was 47, and in total, the EBRD has implemented 165 projects in Azerbaijan. The portfolio of active projects at the end of May 2018 amounted to 1.444 billion euros, which is 22.8 percent more than at the end of last year.
Half of the EBRD's active portfolio in Azerbaijan - 724 million euros – fell on the energy projects, 42 percent or 603 million euros – on the infrastructure projects, and 4.9 percent (71 million euros) – on the industrial, commercial and agribusiness projects. Another 3.2 percent (46 million euros) fell on projects involving financial institutions.
---
Follow the author on Twitter: @Anvar_Mammadov