Foreign investments up 19 pct
Total foreign investments in Azerbaijan`s economy in the first quarter of 2012 amounted to 570.2 million manats ($726.3 million), 18.7 percent over the same period of 2011, the State Statistics Committee said.
In January-March, 92.2 percent of investments made by foreign countries and international organizations accounted for investors from the UK, U.S., Japan, Norway, the Czech Republic and Turkey.
As before, the UK is the top investor in the South Caucasus republic`s economy. Its share in the total volume of foreign investments is 46.1 percent, with investments amounting to around $334.9 million.
US investments made up 18.1 percent, while those of Japan - 12.3 percent, Norway 6.8 percent, Turkey 5.4 percent, the Czech Republic 3.5 percent, France 1.6 percent, and Germany and Italy - less than 1 percent each.
As for international financial institutions, the World Bank invested around $25.47 million, with a share of 3.5 percent, while the Asian Development Bank - $18.12 million (2.5 percent).
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