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DIRECT INVESTMENTS IN Azerbaijan COMPRISE $2103.6M IN JAN-JUN

Business Materials 17 August 2005 12:40 (UTC +04:00)

The State Statistics Committee summarized the results of investing in economy in the first half of 2005.

In January to June $2103.6m was invested with a rise of 3.5%, including direct investments in the amount of $2054.6m (97.7% of the total investments. Investments in the oil sector comprised 96.4% of all foreign investments with a rise of 3.9%.

In the first half-year the foreign companies and joint ventures have invested $27m in the non-oil sector, including $18.1m in industry (67% of investments), $3.9m in trade and services (14.4m), $3.8m in construction (14.1%), $0.8m in transport and communications (3%).

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