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2.2 bln manats invested in Azerbaijan's fixed capital in H1

17 July 2014 09:22 (UTC+04:00)
2.2 bln manats invested in Azerbaijan's fixed capital in H1

By Aynur Jafarova

The total volume of foreign investment made in Azerbaijan's fixed capital in the first half of 2014 amounted to 2.2 billion manats.

This figure is 15.8 percent more compared to the same period last year, Azerbaijan's State Statistics Committee said.

Some 80.3 percent (1.794 billion manats) of investment was made by foreign countries and international organizations in January-June 2014. Investors from the UK, Norway, U.S., Turkey, Japan and France invested in Azerbaijan during the mentioned period.

The UK continues to maintain its leading position and its share in the total foreign investment in Azerbaijan amounts to 31.2 percent. The size of the UK investment stood at 697.5 million manats.

In the reported period, the Norwegian investment in Azerbaijan's economy amounted to 399.24 million manats, U.S., 216.98 million manats, Turkey, 209.58 million manats, Japan, 139.12 million manats, France, 131.67 million manats and Iran, 127.59 million manats.

The largest volume of investment of international financial institutions was allocated by the World Bank (WB) which amounted to 34.71 million manats.

The Asian Development Bank (ADB) spent 19.52 million manats, and the EBRD - 2.9 million manats to projects in Azerbaijan in the first half of 2014.

Azerbaijan's State Customs Committee said 134 countries were Azerbaijan's foreign trade partners in the period. The total trade turnover of the country in the first half of year amounted to $15.37 billion.

In January-June, Azerbaijan conducted export transactions ​​in the amount of 11.25 billion, and import of the country stood at $4.12 billion.

Azerbaijan exported 1,631 types of goods and imported 5,237 types of goods in the first half of this year.

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