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Assistant to Azerbaijani President: $300 bn. worth investment from various sectors entered country

Shahmar Movsumov, Assistant to President

02 May 2023 11:17 (UTC +04:00)

When we started our new activity, the State Oil Fund had $270 million in funds, and now it is more than $50 billion, Head of the Department of Economic Issues and Innovative Development Policy of the Presidential Administration of the Republic of Azerbaijan Shahmar Movsumov said during his speech at the international conference "Formation of Greater Eurasian geopolitics: from past to present and future", APA-Economics reports.

"Over the past 20 years, Azerbaijan's GDP has increased by 3.6 times, and investment in the economy has increased by 4 times. More than $ 300 billion dollars of investment have entered Azerbaijan from various sectors," said Shahmar Movsumov.