VTB invested $700M in Azerbaijan’s economy

 VTB invested $700M in Azerbaijan’s economy
# 14 October 2016 08:54 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. VTB Group has invested $700 million in Azerbaijan’s economy since 2009, Eldar Tlyabichev, acting head of the Trade Representation of Russia in Azerbaijan said.

According to him, of this, $300 million was directed to development of Bank VTB Azerbaijan, $400 million to transport and infrastructure projects.

51% share in Bank VTB Azerbaijan belongs to Bank VTB OJSC, 48.99% to AtaHolding and 0.01% to an individual.

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