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Austria multiplies foreign direct investment to Azerbaijan

Finance Materials 26 June 2024 09:37 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, June 26. Foreign direct investment (FDI) from Austria to Azerbaijan amounted to $27.1 million in the first quarter of 2024, Trend reports.

According to calculations based on the data from the Central Bank of Azerbaijan, this figure increased 4.16 times, or $20.6 million, compared to the figure for the same period last year.

Meanwhile, Austria's FDI amounted to $6.52 million in the same period last year.

The share of FDI from Austria in the total volume of FDI in Azerbaijan is 1.8 percent.

Azerbaijan's FDI in the Austrian economy amounted to $28.9 million (294.8 times growth and 8.8 percent share). During the same period last year, FDI from Azerbaijan amounted to $98,000.

To note, FDI in the economy of Azerbaijan amounted to $6.6 billion in 2023 (growth of 6.1 percent).

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