In January and February the Azerbaijani economy was invested 811 million 18.1 thousand manat foreign investment from private companies and international financial institutions (31% by March 1 of last year).
According to the State Statistics Committee, by tradition leaders are companies from the UK - they have invested 304 million 573.5 thousand manat or 37.5% of total investment (up 2.2 times). The second and third places are investment companies from Norway - 137 million 439 thousand manat (+ 50.8%) and Turkey - 96 million 480 thousand manat (48.6%). The rest of the investment came from companies of other countries.
Among the international organizations in the reporting period, the World Bank invested 31 million 747.5 thousand manat (+ 52.2%), Asian Development Bank - 8 million 753.7 thousand manat (minus 48.23%). --17D-
Economics
-
Azerbaijan Caspian Shipping Company (ASCO) has resumed regular cargo and passenger transportation after severe weather conditions disrupted operations in the Caspian Sea, the company said on Monday.
-
Azerbaijan can overcome the so-called "middle-income trap" by increasing investments, improving the investment environment, and enhancing knowledge and skills, Deputy Minister of Economy Samad Bashirli said in Baku at the presentation of the World Bank’s Global Report World Development Report – 2024 (WDR).
-
Countries in Europe and Central Asia must not only attract investment but also actively adapt and disseminate technology to ensure sustainable economic growth, according to Ivailo Izvorski, Chief Economist for the region at the World Bank. Speaking at the presentation of the World Development Report 2024, Izvorski highlighted structural issues that are slowing down private sector development.
-
Azerbaijan is now among 54 middle-income countries, said Shahmar Movsumov, Head of the Department for Economic Affairs and Innovative Development Policy at the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku.
Leave a review