BAKU, Azerbaijan, June 14
By Zeyni Jafarov - Trend:
A negative balance of $77.3 million was formed in the balance of portfolio investments of Azerbaijan, Trend reports citing a report of the Central Bank of Azerbaijan (CBA).
According to the report, net financial assets in portfolio investments for the first quarter of 2021 increased by $76.2 million, while net financial liabilities in this segment decreased by $1.1 million.
The CBA report noted that during the reporting period, portfolio investment assets increased mainly due to the public sector, and the reduction in liabilities occurred due to the oil and gas sector.
The total amount of direct investments attracted from abroad to Azerbaijan in the first quarter of 2021 increased by 16.7 percent compared to the first quarter of 2020 and amounted to $1.4 billion. The specific weight of the oil and gas sector in the structure of direct investments in the Azerbaijani economy amounted to 89.2 percent.
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