Foreign investments in Azerbaijan's economy in 2012 amounted to $ 10.3 billion, which is 18.9% more than the previous year, the State Statistics Committee told Turan.
More than half ($ 5.4 billion or 52.2%) of foreign investment are a share of direct investment companies. Direct investment increased in comparison with 2011 by 25.4%. With $ 4.3 billion or about 80% of direct investment was directed to the oil and gas sector.
The share of financial loans accounts for 30.4% of investments ($ 3.1 billion). The share of loans on government guarantees in the structure of international debt is 39.7%. The remaining 17.4% are portfolio and other investments.
Partial politicizing the volume of foreign investments in the country, SSC provides data for the presidency of Ilham Aliyev in 2004. During this period, according to the SSC in the Azerbaijani economy was invested $ 60.7 billion in foreign investment.
Azerbaijan increases export investments. Only in 2012, the private and public investments in the economy of various countries was $ 1 128.8 million, which is 2 times higher than the figure for the year 2011. - 08D-
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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