Foreign investments in Azerbaijan's economy grew by 75 percent

In Jan.-Feb., 2010, investments of foreign companies and international financial institutions in the economy of Azerbaijan increased 75.2 percent to settle at 310. 887.200 manats compared to the same period of last year, the State Statistics Committee said.

According the state committee, UK companies lead for the volume of investments in Azerbaijan's economy during the reporting period. The UK companies account for 433 million manat of 52.6 percent of total investments (a rise of 99.1 percent).

Investment of companies from the U.S. totalled 49 million manat (an increase of 30.3 percent).

In Jan.-Feb. ,Japanese companies invested  25.8 million manat (an increase of 67.5 percent Norway – 16.31 million manat (an increase of 66.7 percent), Turkey – 12.7 million manat (an increase of 64.9 percent), South Korea – 8.1 million manat, Russia – 1.9 million manat, Saudi Arabia – 1.9 million manat, UAE - 390,600 manat, Austria – 260,100 manat in the Azerbaijani economy.

The World Bank invested 27.7 million manat (an increase of 3.6 percent), Asian Development Bank – 2.6 million manat (an increase of 2.8 times), Islamic Development Bank – 675,000 manat (decline of 21 percent).

In 2009, investments of foreign companies and international financial institutions in Azerbaijan's economy amounted to nearly 1.5 billion manat.


/Interfax Azerbaijan/