On the Azerbaijan balance of payments statistics the Central Bank says $ 7.5 billion of foreign direct investment into the local economy in the last year (minus 6.2% for the year with an investment at $ 8 billion in 2014).
A large part (88.5%) of the total volume of financial investments was invested in the oil and gas sector. In other sectors of the economy there was invested $ 860.4 million (minus 34.7%).
However, local investors spent abroad in direct investment $ 3 billion 259.7 million (+ 47.6% YoY). $ 1 billion 806 million was invested in oil and gas (+ 21.9%), in other areas - $ 1 billion 453.7 million (+ 100%).
Last year, the net financial assets of Azerbaijan amounted to $ 13 billion 720.8 million (+ 17.3%) with commitments of $ 4 billion 695.6 million (minus 43.2%). --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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