Britain top investor in Azerbaijan: officials
BAKU – Britain was the top investor in Azerbaijan in January-July, channeling funds worth over $631 million into the country’s economy. The figure is 30.8 percent above the same period of 2009, the State Statistics Committee said.
Britain is followed by the United States, which invested nearly $280m, or 71.3 pct over January-July 2009.
Japan has retained the third spot since last year, followed by Norway and Turkey. Japanese investors placed funds worth over $146m in the fast-growing South Caucasus republic (71.2 pct increase), while Norwegian businessmen invested about $90m (70.5 pct increase), and Turkish investors $79.7m (88.5 pct increase).
At the bottom of the top ten investors are South Korea, with $27m investment, France with $25.5m, the Czech Republic with $6.3m, Saudi Arabia with nearly $4.2m, and Russia with more than $2.4m.
Foreign investments totaling $1.378bn were made in the Azerbaijani economy in the first seven months of 2010, or 31.5 pct above the corresponding period of last year.
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