BAKU, Azerbaijan, Sept. 14
By Zeyni Jafarov - Trend:
Foreign direct investment in Azerbaijan increased by 25.1 percent or $528.7 million in the first half of 2021, compared to the same period of 2020 ($2.11 billion) and reached $2.64 billion, the Central Bank of Azerbaijan (CBA) told Trend.
“The share of the oil and gas sector in the structure of direct investments in the Azerbaijani economy amounted to 89.2 percent, or $2.18 billion (a year earlier - 84.4 percent, or $1.78 billion). This figure grew by 4.8 percent over the year, or more than $400 million,” the CBA report said.
"The volume of net financial liabilities for the oil and gas sector in the first half of the year decreased by $367.6 million, which is explained by the difference between attracted investments in the amount of $2.18 billion and repatriation of capital by $2.55 billion. In the same period last year, net financial liabilities in the oil and gas sector decreased by $66 million due to the difference between attracted investments of $1.78 billion and repatriation of capital in the amount of $1.84 billion,” the statement said.
During the reporting period, direct investments in the non-oil sector of Azerbaijan increased by 38 percent, or $125 million, compared to the first quarter of 2020 ($328.6 million) - up to $453.7 million.
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