Significant jump expected in foreign investment in Azerbaijan

Significant jump expected in foreign investment in Azerbaijan

Azerbaijan, Baku, Oct. 28 / Trend /

Expert at Trend's analytical center Leyla Abdullayeva

A significant jump is expected in the inflow of foreign investments into Azerbaijan in 2012, the draft concept of socio-economic development in 2012 and the next three years reads. The document was submitted to the Azerbaijani Parliament for consideration.

Based on the document, the average annual growth of foreign investments will hit 41.5 percent in 2012, 30.4 percent in 2013, 15.4 percent in 2014 and 8.4 percent in 2015.

Azerbaijan continues to attract significant funds in various spheres of the economy. Funding for projects will increase in 2012 due to foreign credits.

The priority areas are concentrated in the oil sector. There were signed credit agreements on funding for the transport sector improvement, major construction projects and project on development of high technology, innovative types of production.

Azerbaijan is expected to receive foreign investments in the amount of 2.809.9 billion manat in 2011, 4.013.4 billion manat in 2012, 5.303.7 billion manat in 2013, 6.089.4 billion manat in 2014 and 6.606.9 billion manat in 2015 .

The volume of domestic investments directed to the different sectors of the economy in 2011-2015 will also grow, but the growth will be significantly lower compared to the growth of the foreign investment inflow.

As a result, the average annual growth of domestic investments is expected to decrease from 22 percent to 0.3 percent in 2012.

However, despite the decline in growth rates in nominal terms, the domestic investment exceeds the volume of foreign investment. In 2012, domestic investment would amount to 9.479.2 billion manat, in 2013 - 9.902.2 billion manat, in 2014 - 10.586.7 billion manat and in 2015 - 10.8722 billion manat.

Today, the state investments exceed private investment in the structure of domestic investment.

The dominance of investments in the non-oil sector will continue in 2012 and the next three years.

Moreover, investments in 2015 will grow at the same time in both sectors. Thus the oil sector is expected to receive investment of $ 3.1886 billion manat in 2011 and non-oil sector - 9.048 billion manat. In 2014, the oil sector is projected to receive 5.574.7-billion manat investment and non-oil - 11.101.4 billion manat. The investments in oil sector in 2015 is expected to decline by 9.3 percent to 5.0532 billion manat compared to 2014, while investment in non-oil sector will grow by 11.9 percent to 12.425.9 billion manat.

Over 20 years of independence, Azerbaijan has created a favorable investment and business climate, resulting in $100-billion investment in the economy. Azerbaijan will also retain the investment attractiveness in the future and 17.5 billion manat will be invested in the development of economic and social spheres of the republic from all financial sources in 2015.

The official exchange rate is 0.7869 manat to $ 1 on Oct. 27.

Iran’s AEOI must implement decision of the Iranian parliament
Iran’s AEOI must implement decision of the Iranian parliament
Iranian government must suspend additional control mechanisms of nuclear deal - Iranian parliament
Iranian government must suspend additional control mechanisms of nuclear deal - Iranian parliament
Iran say it would welcome US returning to nuclear deal
Iran say it would welcome US returning to nuclear deal
Loading Bars
Latest
OPEC+ monitoring committee postpones meeting on oil production cuts deal in 2021 to Sunday
Brexit goes down to the wire: EU and UK say big differences remain
Iran expected to reduce potato production
Azerbaijan national team won silver and bronze medals at 36th European Championship in Ukraine
Diesel fuel production down in Azerbaijan
Кazakhstan Electricity Grid Operating Company opens tender to buy batteries
Export of grain and legumes by Turkey to Iran down
Turkey registers nearly 30,000 new coronavirus cases as recoveries surpass 390,000
Kazakhstan has high hopes for homegrown COVID-19 vaccine - Minister
Georgia expect stabilization of pandemic with the expansion of restrictions
Iraq reports 2,545 new COVID-19 cases, 547,215 in total
Resolution adopted by French Senate is gross violation of int'l law - Honorary Member of French Parliament
Erdoğan urges public caution against COVID-19 in Turkey amid violations
76 Iranian professors among world top 2% scientists
Monetary policy in Georgia remains tightest among CIS - Renaissance Capital
Representatives of Kyrgyzstan take part in XVIII meeting of CSTO ICMEC
Britain records 16,022 new coronavirus cases, 521 new deaths
Azerbaijani gymnasts reach finals of 36th European Championship in Rhythmic Gymnastics in Ukraine
Turkish political parties condemn French Senate’s resolution on Karabakh
World Maritime University, Georgia aim to develop maritime education, capacity-building activities
Georgia makes giant strides in transposition of energy efficiency acquis
Cash receipts from Azerbaijan to Georgia increases
Number of debit cards in Azerbaijan increases
Uzbekistan increases raisins export to Netherlands
Georgia to subsidize wheat flour price
IAEA to implement multiple projects in Georgia
Uzbekistan, Hungary consider establishing Uzbek-Hungarian Business Council
Uzbekistan confirms repayment schedules on ADB loan for solid waste cleaning
Percentage of problem loans in Azerbaijan down
Eni Turkmenistan Ltd opens tender for vehicles provision
Tree-planting campaign continues in Azerbaijan's Gubadli (PHOTO)
Azerbaijan raises commercial gas production
COVID-related quarantine may be strengthened in Kazakhstan in December
German Bundestag welcoming cessation of hostilities in Karabakh for sustainable peace
Spain names main Turkmen sectors of its interest
Iran to follow FATF-related bills
French Development Agency puts emphasis on increasing solar and wind capacity integration in Georgia
Putin to hold annual press conference via video link on December 17
Share of Austria in total import of Azerbaijan increases
Kazakhstan, Canada discuss prospects for agriculture co-op
Iranian Aras Free Trade Zone reveals its trade surplus
Modernization of primary gas treatment unit carried out at Uzbek oil field
Ambassador of Mexico meets with Azerbaijani Acting Minister of Culture
Azerbaijan supplying drinking water to liberated Shusha city (PHOTO)
Azerbaijan consistently works to strengthen regional cooperation - MFA
Azerbaijan's import of chemical products from Turkey up
Conflicts, external aggression threaten peace, security - Azerbaijani FM (PHOTO)
Azerbaijani Minister of Economy receives Qatari ambassador (PHOTO)
Iran's industrial cities work at minimum capacity
U.S. agency opens probe into 115,000 Tesla vehicles over suspension issue
Turkey discloses Istanbul Airport's ten-month passenger traffic volume
Japan ruling party proposal backs assistance for COVID-hit airlines
Iran's Social Security Organization to forgive insurance fines of employers
Elbit Systems wins Spanish Army radio deal
Putin meets RSC members to discuss Russian peacekeepers' activities in Karabakh
Uzbek metallurgical plant switches to int’l financial reporting standards
New company established in Azerbaijan's Sumgayit city
Iran to close public offices amid COVID-19
Volume of industrial lending in Azerbaijan grows
Azerbaijani 'Maestro Niyazi' dry-cargo ship repaired and tested
France-24 TV channel broadcasts reportage about liberated Fuzuli district of Azerbaijan (VIDEO)
Small state enterprises, vehicles to be auctioned in Azerbaijan
Uzbek Ministry of Finance eyes setting excise tax on sugar imports
New electronic services to be introduced in Turkmenistan's banking system
Oil bitumen imports decrease to Georgia
10M2020 cargo, passenger traffic in Turkish Esenboga Airport drops
Discovery of Turkmen scientists expected to make unique contribution to healthcare system on global scale
Azerbaijan detects 3,712 new COVID-19 cases, 1,359 recoveries
World to need at least 1.1 trillion barrels of hydrocarbons over next 20 years
Kazakhstan decreases crude petroleum oil supplies to Netherlands
Number of construction enterprises, organizations in Uzbekistan up
Central Bank of Azerbaijan reveals data on population's deposits
Georgia sees decrease in import of aviation fuel
Oil & gas industry is not at risk of being starved of capital
Nearly half of bank deposits in Azerbaijan made in foreign currency, says CBA
Turkmen Health Ministry opens tender for medical supplies purchase
Iran Parliament speaker obliges gov't to implement “People's Livelihood Protection Act” as soon as possible
Luxury hotels to be created in Nagorno-Karabakh region
Azerenerji OJSC implementing essential project in Karabakh, adjacent districts
Gold, silver prices in Azerbaijan down
Kazakhstan's Kazatomprom sees threefold increase in profits
Turkey's VP talks current defense-related projects
Iran to join several countries in coronavirus vaccine development
Cybersecurity - one of main objectives of Georgia - Energy Community Secretariat report
UNDP office in Uzbekistan to buy agricultural equipment via tender
Central Bank of Azerbaijan plans to raise funds at deposit auction
Azerbaijan's Central Bank reveals year-on-year data on lending to household sector
Facebook cryptocurrency Libra to launch as early as January but scaled back
“Investment Treaty” intensively negotiated between Georgia and Japan
ACG oil transshipment from Ceyhan terminal exceeds 190 million barrels
Turkmenistan prepares project for intellectual property system dev’t
Prime Minister Modi inaugurates RE-Invest 2020
TAP is operational and can deliver gas, says managing director
Uzbek Anti-Crisis Fund expenses up due to extended COVID-9 resistance
Ruling coalition in Germany stands for Berlin’s participation in promoting peace in Nagorno-Karabakh
Azerbaijani gymnasts in group exercises reach final of European Championship in Ukraine
Azerbaijan's labor ministry, Azermash Group LLC sign tender contract
Iran reduces imports of chemicals from Turkey
Plastic cards becoming more popular in Kazakhstan
Turkish Ombudsman Institution prepares special report on Armenia's war crimes against Azerbaijan (PHOTO)
All news