Some $9 bln. is expected to be invested to Azerbaijan's economy in 2007, while in 2007-2010, the volume of these investments are expected to grow up to $38 bln., Sevindj Assadova, Deputy Azerbaijan's Economic Development Minister has said during the today's joint meeting of the parliamentary Commissions on Discussing Macroeconomic Indicators Forecasts for 2007, Trend reports.
According to her, about 82% of the total volume of the investments (the peak volume) is expected to fall at the non-oil sector of Azerbaijan's economy.
Over the past 10 years, over $25 mln. have been invested to the economy of the country. In the mid-term outlook, $10 bln. is expected to be invested to the economy, 75 percent of them at the expense of the domestic means, and the rest (25 percent) foreign investments.
In 2006, the volume of the investments is expected to be at the level of 5.9 bln. manats. The next year, starting from 2007, the share of foreign investment was expected to decline, however, these plans were reviewed later. If in 2006, the volume of foreign investments is expected at the level of 3.5 bln. AZN, then in 2007 preliminarily 2.6 bln. AZN at the total volume of the investment of 5.5 bln. AZN. However, in the last variant of macroeconomic indicator, it was at the level of 4.6 bln. AZN at the total volume of investments of 8.8 bln (at a growth by 49.2%).
