Baku/28.02.14/Turan : In 2013, the volume of public and private investment in Azerbaijan abroad totaled $ 1.5 billion , which is 35.6 % more than in the previous year .
Over the past ten years the export of Azerbaijani investments reached $ 8 billion , the State Statistics Committee told Turan .
GCS also revealed the structure of investments in Azerbaijan's economy . Last year, investments amounted to 22 bn or $ 28 billion , increasing by 8.7%. The volume of investments used by the oil and gas sector was 5.6 billion manats ($ 7.2 billion ) . In the non-oil sector was 16,3 billion manats ($ 20.8 billion ) , which is 7% more than in 2012 .
The share of local sources account for 62.4% of foreign investors - 37.6 % of the investment .
According to the SSC , the bulk of investments (17 872.1 million manat) was directed to the development of fixed capital. Of these, 70.7% owned by the public sector. The remaining funds were used in the financial sector .
Over the past 10 years, the volume of investments in Azerbaijan's economy totaled 155.6 billion manat - estimated to State Statistics Committee . - 08D-
Economics
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
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.
-
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.
-
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.
Leave a review