The share of foreign direct investment in non-oil sector of Azerbaijan's economy amounted to 11.8%, down 20.7% compared with the first three quarters of last year - to $ 678 million.
The main foreign infusion, according to a report of balance of payments, fell on oil and gas. The total is their volume was at $ 5.8 billion., - The information on the website of the Central Bank of Azerbaijan.
Local companies also invested in projects in the form of foreign direct investment of $ 2 billion. 623.6 million, including $ 1 billion. 424 400 000. - In oil and gas.
Recall the structure of the balance of payments changed from 2013 in accordance with the recommendations of the International Monetary Fund (IMF) and now consists of net financial assets and liabilities.
Net financial assets as of 1 October were at $ 9 billion. 731.2 million., The obligation - to $ 3 billion. 731.2 million. --17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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