Over 18 years (1995-2013) the volume of foreign investments in Azerbaijan's economy totaled $ 83.8 billion, most of which (58.2%) occurred in the oil sector. Troika of the leading investors are companies from the UK with $ 18 billion, U.S. - $ 7 billion, and Japan - $ 4 billion. Non-oil sector was funded by the Turks - 26% of total inflows into the segment, followed by the British - 16% and the U.S. - 12%.
In Azerbaijan, there are 6,857 companies with foreign capital. The leading troika - 36% of companies with Turkish, 8.3% - with the Russian, 7.8% - with British capital. Foreign companies are actively involved in the implementation of contracted projects in Azerbaijan. So, companies of Turkey in Azerbaijan fulfilled contract works on 153 projects with a total value of $ 10.4 billion, the company from the Czech Republic - 6 projects worth $ 2 billion, the companies from France - 22 projects totaling $ 1.8 billion
Local companies (with the Azerbaijani capital) are investors of projects in Turkey, Georgia, Russia, Montenegro, Serbia, Switzerland and other countries. -17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review