Baku, Azerbaijan, Sept. 15
By Azad Hasanli - Trend:
Azerbaijan's net financial assets amounted to almost $2.7 billion in the first half of 2018, which is 18 percent less than the indicator for the six months of last year ($3.3 billion), as follows from a balance of payments published by the country's Central Bank.
The net financial assets in the period was formed at the expense of direct investments made by Azerbaijan abroad ($1.3 billion), portfolio investments ($492.5 million) and other investments ($889.8 million).
Of the direct investments, $480.3 million were invested by Azerbaijan in the oil and gas sector, $840.1 million – in other areas.
Compared to the same period last year, Azerbaijan's foreign direct investment has increased by 26 percent, while other investments have decreased by 2.6 times.
There has been a negative balance of $28.6 million in the portfolio investments in January-June 2017.
The net financial liabilities of Azerbaijan in the reported period amounted to $910.1 million.
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