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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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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