BAKU, Azerbaijan, May 16. Last week it became known that the mutual investments of Azerbaijan and Spain in period from 2018 through 2021 reached their maximum, Trend reports.
Spain invested 2.18 million euros in Azerbaijan’s economy in 2018, and 12 million euros in 2019.
Last week the forecast of European Bank for Reconstruction and Development (EBRD) on Azerbaijan's GDP growth in 2022 was reported.
According to forecast, Azerbaijan's GDP growth is expected to be 4.5 percent in 2022 and slow down to 2.5 percent in 2023. Recovery of Azerbaijani economy in 2021 was facilitated by non-oil sector, which showed an increase of 7.2 percent, in particular, due to the services and manufacturing industries.
Also, last week it became known that the investment portfolio of European Fund for Southeast Europe (EFSE) in Azerbaijan amounted to 14.3 million euros as of December 31, 2021.
Average investment in one partner lending institution was 7.2 million euros.