Foreign investments drop by 1.25% in Azerbaijan

Foreign investments drop by 1.25% in Azerbaijan

Direct foreign investments in the economy of Azerbaijan declined by 1.25% in March compared to February of the year. The State Customs Committee (SCC) informs that for Jan-Mar 2014 foreign investments made up AZN 1.016 bn that was by 9.96% more against the Jan-Mar 2013 (AZN 924.1 million). Foreign investments totaled AZN 216.455 million in January, AZN 402.378 million in February, and reduced to AZN 397.4 million in March.

For comparison, the best monthly index for 2013 was registered in November (AZN 399.8 million) and for 2012 in December (AZN 380 million). Over Jan-Mar 2014 the list of the leaders on foreign investments in the national economy remained unchanged in general. The Great Britain with investments for AZN 215.17 million ensured 21.2% of their volume, the US invested AZN 200.5 million (19.7%), Norway AZN 167.26 million (16.5%), Turkey AZN 111.815 million (11%), France AZN 75.028 million (7.4%).
Russia and Iran open the second Top 5 of leaders with investments by AZN 50.908 million (5%). Then follow Czech Republic with AZN 49.845 million (4.9%), Japan with by AZN 45.489 million and India with AZN 9.246 million.

Among international organizations major investments were carried out by the World Bank (AZN 22 million or 2.2% of all investments) and the Asian Development Bank (AZN 17.896 million or 1.7%).
In 2013 foreign investments made up AZN 4.167 bn (+27.9%). In the 4th quarter of 2013 foreign investments reached AZN 1.18 bn, in the 3rd quarter – AZN 1.132 bn, in the 2nd quarter’s – AZN 926 million, and in the 1st – AZN 924.06 million. The list of the leaders on foreign investments into the national economy included the Great Britain with investments for AZN 1.495 bn (35.9%), Norway AZN 513.79 million (12.3%), the US AZN 489.1 million (11.8%), Japan AZN 388.358 million (9.3%) and Turkey AZN 310.955 million (7.5%).

Source: www.abc.az

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