The State Committee of Statistics released data on foreign investments in Azerbaijan's economy in the first half of the year.
The total volume of foreign financial inflows totaled $ 7.3 billion (+ 38.3% compared to the same period last year). More than half (53.1% or $ 3.9 billion) was direct investments, 35.7% - portfolio investments, and 11.2% - in the form of financial loans. Most of the foreign direct investments ($ 3.3 billion) were in the oil and gas sector.
During this time, residents of Azerbaijani banks received loans in the amount of $ 815,500,000, approximately half of which (46.5%) are secured by a government guarantee. --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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