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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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