Baku, Azerbaijan, Dec. 18
By Maksim Tsurkov - Trend:
The net financial assets of Azerbaijan amounted to $4.57 billion in January-September 2016, which is twofold less than in the same period of 2015, said the balance of payments published on the website of the Central Bank of Azerbaijan (CBA).
For comparison, the figure was $9.73 billion in January-September 2015.
Net financial assets in January-September 2016 were formed through foreign direct investments made by Azerbaijan ($2.09 billion), portfolio investments ($52.2 million), $0.7 million derivative financial instruments and other investments ($2.54 billion), according to the balance of payments.
Some $1.5 billion of direct investments were made by Azerbaijan in oil and gas sector, $584.5 million in other sectors.
Other investments include trade credits and advances ($2.54 billion), loans and advances ($157.9 million), deposits and cash ($213.8 million).
Azerbaijan's net liabilities in the reporting period were formed in the amount of $2.6 billion, some $5.43 billion of which account for direct investments in the economy of the country, $481.6 million - portfolio investment.
During the reporting period, some $2,088 billion of other investments were repatriated, while other investment outflows amounted to $1.22 billion.
Some $2.22 billion (66.5 percent) of direct investments were invested in the oil and gas sector of Azerbaijan, while the remaining $1.12 million - in other sectors.
Other investments include trade loans and advances ($244.5 million), loans and advances (-$878.3 million), deposits and cash ($591.1 million).
