Foreign investments in Azerbaijan's economy up by more than 18%

Investment in fixed capital from foreign financial sources in Azerbaijan increased by 18.2% in the first half of this year compared with the same period last year, reaching 2.4 billion manats, as stated in the Central Bank of Azerbaijan's (CBA) Monetary Policy Review for the first half of the year.

According to the document, cited by Report, investment in fixed capital from foreign sources accounted for 25.8% of total investment in January–June.

This is 1 percentage point higher than the figure recorded a year earlier.

It was previously reported that 9.3 billion manats was invested in fixed capital in Azerbaijan during the first six months of the year, representing a 13.8% increase in real terms compared with the same period last year. Of this amount, investment in the oil and gas sector rose by 34.3% year-on-year to 3.1636 billion manats, while investment in the non-oil and gas sector increased by 5.5% to 6.1316 billion manats.