Foreign investment in Azerbaijan's fixed capital exceeds 1.8 bln manats
By Aynur Jafarova
The total volume of foreign investment in Azerbaijan's fixed capital amounted to 1.81 billion manats in January-May 2014.
This figure is 18.3 percent more compared to the same period of
last year, Azerbaijan's State Statistics Committee said.
Some 80.1 percent or over 1.452 billion manats of investment is
made in fixed capital by the foreign countries and international
organizations from the UK, Norway, U.S., Turkey, Japan and France
in the reported period.
The UK continues to maintain its leading position, and its specific
weight was 30.5 percent in the total foreign investment in
Azerbaijan. The size of its investment was 553.9 million
manats.
The Norwegian investment in Azerbaijan's economy amounted to 317.74
million manats, U.S. - 186.84 million manats, Turkey - 174.98
million manats, Japan - 113.72 million manats, France - 105 million
manats and Iran - 100.91 million manats.
The largest volume of investment among the international financial
institutions was allocated by the World Bank (WB) - 32.97 million
manats. The Asian Development Bank (ADB) spent some 18.01 million
manats, EBRD - 2.9 million manats to the projects in Azerbaijan in
January-May.
Around 2.5 billion manats were invested in Azerbaijan's oil sector in January-May 2014. This figure is 33.1 percent more compared to the same period of last year.
In 2013, around 4.8 billion manats were invested in the country's oil sector, which is 24.2 percent more compared to 2012.