Foreign investments in Azerbaijan"s economy
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-
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- Social
- 22 July 2014 12:39
Economics
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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.
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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.
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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.
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"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.
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