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Foreign investment in Azerbaijan's fixed capital exceeds 1.8 bln manats

19 June 2014 13:27 (UTC+04:00)
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.

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