In the first quarter of this year in the Azerbaijani economy was invested $ 3.6 billion in foreign investment, more than half of which was straight, the State Statistics Committee said.
During January-March this year, the volume of foreign investments in Azerbaijan's economy grew by 25.1%. The share of financial loans was 14.5% of foreign borrowing. The share of portfolio investment amounted to 32.5%.
The government, as well as the local financial institutions, received loans totaling $ 521.3 million from abroad, which was 3.1% higher than a year earlier.
Direct foreign investments in Azerbaijan were invested mainly in oil and gas sector - $ 1.6 billion, or 86.3% of the total portfolio of direct investments.
In the first quarter, the volume of direct investment grew by 34.6%.
In 2013, foreign investment in Azerbaijan amounted to $ 6.3 billion. - 08D-
Economics
-
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.
-
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.
-
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.
-
"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.
Leave a review