Baku, Azerbaijan, April 15
By Emin Aliyev - Trend:
The total volume of foreign investments in Azerbaijan's fixed capital in the first quarter of 2014, amounted to 1.02 billion manat, which is by 10 percent more compared to the same period of 2013, the Azerbaijani State Statistical Committee said in its report on April 15.
Some 80.7 percent (819.6 million manat) of investments made by foreign countries and international organizations in Azerbaijan's fixed capital in January-March 2014, fell to investors from Great Britain, the U.S., Norway, Turkey, the Czech Republic and France, according to the committee's report.
Great Britain continues to hold a leading position. Its specific weight in the total volume of foreign investments in Azerbaijan amounted to 21.2 percent, while its investments amounted to 215.17 million manat.
The U.S investments in the Azerbaijani economy during the reporting period, amounted to 200.51 million manat (with specific weight of 19.7 percent), Norway - 167.26 million manat (16.5 percent), Turkey - 111.82 million manat (11 percent), France - 75.03 million manat (7.4 percent) and the Czech Republic - 49.85 million manat (4.9 percent).
The largest volume of investments among international financial institutions was made by the World Bank (WB) - 22 million manat (with specific weight of 2.2 percent).
The Asian Development Bank (ADB) allocated some 17.9 million manat (1.7 percent) in Jan.-March for the implementation of projects in Azerbaijan.
The official exchange rate on April 15 is 0.7843 AZN/USD.
Translated by L.Z.
Edited by C.N.
