British Capital Traditional Leader in Foreign Investments
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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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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