Foreign Investments in Azerbaijani Economy Reduced by 55.7%
OREANDA-NEWS. March 17, 2009. The UK remained the key foreign investor in Azerbaijani economy in January-February 2009.
The State Statistical Committee (SSC) reports that with overall foreign investments for AZN 177,381,700 (-55.7%), the UK with investments for AZN 82,069,000 ensured 46.3% of their volume.
The US invested AZN 37,865,500 or 21.4% of all foreign investments, Japan AZN 15,449,800 (8.7%), France AZN 14,863,400 (8.4%), Norway AZN 9,617,500 (5.4%), Turkey AZN 7,703,700 (4.3%), Austria AZN 229,000 (0.1%), and Switzerland AZN 24,700.
Among international organizations major investments were made by World Bank Group (AZN 7,562,100 or 4.2% of all investments), Islamic Development Bank (AZN 853,700 or 0.5%), Asian Development Bank (AZN 663,000 or 0.4%), Kuwaiti Fund of Arab Economy Development invested AZN 460,400 or 0.3% of all investments in Azerbaijani economy.
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