BAKU, Azerbaijan, Dec. 10
By Nazrin Israfilova - Trend:
Net financial assets in the portfolio investments of Azerbaijan from January through September 2021 grew by $388.2 million, Trend reports citing the Central Bank of Azerbaijan (CBA).
According to the CBA, in the reporting period, net financial liabilities in this segment decreased by $177.7 million.
The portfolio investment assets increased mainly through the oil and gas, public, banking and private sectors, while the reduction in liabilities occurred through the public and private sectors.
Overall, a negative balance of $565.9 million was formed in the balance of the country’s portfolio investments, added the bank.
The total amount of direct investments attracted from abroad to Azerbaijan in the first nine months of 2021 increased by 8.1 percent compared to the same period of 2020 and amounted to $3.7 billion. The specific weight of the oil and gas sector in the structure of direct investments in the Azerbaijani economy amounted to 84.2 percent.