Last year, about AZN 5.2 bln. foreign investments made in Azerbaijan’s economy

Last year, about AZN 5.2 bln. foreign investments made in Azerbaijan’s economy
  • Clock-gray 12:32
  • calendar-gray 25 January 2020

Last year, the funds amounting to AZN 5,188.9 mln. were allocated to fixed capital in Azerbaijan by foreign enterprises and organizations, APA-Economics reports citing the State Statistics Committee.

AZN 4,344.7 million (83.7%) from the total funds invested in the fixed capital at the expense of the proceeds of foreign countries and international organizations were owned by investors of the United Kingdom, Luxembourg, Turkey, Switzerland, the USA, Japan, Malaysia, Russia, Iran, Norway and France.

Note that as compared with the previous year, in 2019, AZN 17,184.3 million or 2.3% less funds were invested in the fixed capital from all financial sources for development of the country’s economic and social spheres.

In 2019, the funds invested in oil and gas sector amounted to AZN 5,489.5 million. AZN 3,139.2 million (18.3% of the total investments) from the total funds amounting to AZN 11,694.8 million and spent on development of non oil-gas sector were used in the non oil-gas industry sector. 

Narmin Rahimova

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