Money transfers to Azerbaijan increase

Business Materials 26 November 2018 16:28 (UTC +04:00)

Baku, Azerbaijan, Nov. 26

By Sara Israfilbayova - Trend:

In January-September 2018, money transfers of individuals from foreign countries to Azerbaijan amounted to $998 million, which is 24.3 percent higher than in the same period last year, says the balance of payments, posted on the website of the Central Bank of Azerbaijan (CBA).

For further comparison, in January-September 2016, this figure amounted to $661 million.

During the reported period, capital from foreign companies and enterprises continued to flow into the country.

The State Statistics Committee of Azerbaijan noted that the volume of foreign direct investment in fixed assets during the first nine months of 2018 totaled 4 billion manats, which accounted for 39 percent of the total investment in fixed capital.

In January-September, investments in fixed assets were mainly from the UK, Turkey, Russia, Iran, US, Japan, Malaysia, Switzerland and the Czech Republic.

($1 = 1.7 AZN on November 26)