BAKU, Azerbaijan, May 17. The cash flows received in Azerbaijan from foreign enterprises and organizations in the first quarter of 2023 increased by 84.2 percent in annual terms compared to the same period last year, according to preliminary data, Trend reports citing the monetary policy review of the Central Bank of Azerbaijan (CBA).
According to the CBA's primary data, this figure reached the level of $442.1 million.
According to the report, the flow of investments in fixed assets from foreign enterprises and organizations continued. Thus, investments in fixed assets from all sources of financing amounted to 3.5 billion manat or $2 billion (73.2 percent of funds come from domestic sources).
Most of the funds (96.7 percent) allocated to fixed assets by foreign countries and international organizations (914.4 million manat or $537.8 million) came from investors from the UK, France, the US, Türkiye, Japan, Switzerland, Russia, Norway and Iran.
The cash flows received by Azerbaijan in 2022 have tripled in annual terms, to $3.4 billion.
According to the State Statistics Committee of Azerbaijan, investments in the country's fixed assets amounted to 18.2 billion manat ($10.7 billion) in 2022, which is 5.5 percent more than in 2021.