Baku, Azerbaijan, June 10
By Zulfiyya Gurbanova - Trend:
Azerbaijan's net financial assets totaled $3.4 billion in the first quarter of 2014, according to the balance of payments January-March, 2014, posted on the website of the country's Central Bank (CBA) on June 10.
This amount was generated through direct investments ($163.5 million), portfolio investments ($76.4 million) and other investments (over $3.206 billion), according to the balance of payments.
Some $112.2 million of the direct investments were made in the oil and gas sector, while $51.3 million fell to other sectors.
Other investments include trade loans and advances ($1.594 billion), loans and borrowings ($21.7 million), deposits and cash (over $1.590 billion).
The commitments worth $2.837 billion were formed in Azerbaijan in the first quarter of 2014, some $941.2 million of which fell to direct investments, while $1.233 billion fell to portfolio investments.
Edited by CN
