Against the backdrop of the financial losses from falling stock prices of oil in January almost doubled (+ 95.6%) the volume of foreign investments, including foreign companies and international financial institutions. According to the State Statistics Committee, last month, the local economy received a recharge in the amount of 423 million 318.4 thousand manat.
The usual leaders were the British, as their business investments in January were 146 million 227.2 thousand manat (34.5% of all investments with growth of 94.7%). 5.6 times growth was observed at investors from Norway (82 million 105.8 thousand manat), and in the third place were the Turks - their investment in the local economy was 33 million 213.1 thousand manat (+67.7%).
The leader among international financial institutions is the World Bank (27 million 836.2 thousand manat or +43.16% compared to January of last year), while Asian Development Bank invested 6 million 449.3 thousand manat (minus 61.8 %). --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
Leave a review