Foreign investments in Azerbaijan's economy grow

The Asian Development Bank has invested AZN 51 194 700.

Investment by foreign companies and international financial institutions in the economy of Azerbaijan in January-September 2014 increased compared to the same period in 2013 by 4.3%, which constitute AZN 3 517 003.

Oxu.Az reports referring to "Interfax-Azerbaijan" that according to the State Statistics Committee, the companies from the UK during the reporting period were the leaders in investments in Azerbaijan's economy, which amounted to AZN 1 131 872 400 or 32.2% of total investment (up 3.7%).

The investment of companies from Norway amounted to AZN 640 190 200 (an increase by 78.9%).

In addition, in January-September, the investments in the economy of Azerbaijan were made by the companies from Turkey - AZN 309 609 900 (an increase by 66.2%), United States - AZN 294 480 500 (a decline of 16.1%), France - AZN 225 593 000 (an increase by 2.06 times).

Among international organizations during the reporting period the World Bank has invested 102 million 840.8 thousand. Manat (decline of 13.2%), Asian Development Bank - AZN 51 194 700 (an increase by 36.8%).

The rest of the investments were made by the companies from other countries. (News.Az)