Foreign Investment Grows by 36.8%
In the first half of 2012, the economy of Azerbaijan received $ 4.7 billion in foreign investments (including loans from international financial institutions and banks), which is 36.8% more than in the same period last year. The majority (46.2%) of investments accounted for by private equity.
The State Statistics Committee (SSC) of Azerbaijan told Turan that during the first half of this year, foreign direct investment amounted to $ 2.2 billion, which is 26.9% higher than in the same period of 2011. In the SSC they found it difficult to reveal the structure of foreign direct investments from various countries, referring to the fact that this is preliminary data.
The oil and gas sector continues to be the most attractive to foreigners: in January-June 2012, 85.5% or $ 1.9 billion was directed to this sector.
In 2011 the volume of foreign investments in Azerbaijan's economy was $ 8.7 billion, of which 49.5% was contributed in direct foreign investment. The top three in terms of investments in Azerbaijan's economy included the Netherlands, Great Britain and Turkey. - 08B-
-
- Social
- 24 August 2012 12:11
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