The British capital is a traditional leader on the level of foreign investments (including international financial institutions) into the local economy. It was the same from January to May.
Thus, according to State Statistics Committee, the British invested the equivalent of 651 million 158.8 thousand manat (31.8% of the total, with growth of 55% in comparison with the results of January-April of last year). Norwegians invested 286 million 62.4 thousand manat (+ 16.2%), and there was the highest increase regarding businessmen from Turkey (+ 83.4%), which turned out 265 million 694.7 thousand manat.
In general, the volume of foreign investment in the local economy in January - April 2015 amounted to 2 billion 47.11 million manat (+ 41.9%). --17D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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