Foreign direct investment (FDI) in Azerbaijan rose to $1.4 billion for 2002, more than six times the level for 2001
Published:
28 October 2003 y., Tuesday
According to a report released on 24 October by the United Nations Trade and Development Agency (UNCTAD), foreign direct investment (FDI) in Azerbaijan rose to $1.4 billion for 2002, more than six times the level for 2001, Reuters reported.
According to the UNCTAD figures, slightly under $1 billion of total investment was concentrated in the oil sector, and nearly half of the investment came from European Union countries, with British investment leading all EU states. Also significant was the rise in Russian investment, with Russian companies tripling their investment in Azerbaijan to $64 million in 2002, mainly in the oil industry and now reaching a total of $321 million invested in Azerbaijan. Additional foreign direct investment came from the United States, with American firms investing $310 million last year, up nearly three times over 2001, and Norwegian and Japanese companies both investing around $126 million.
Šaltinis:
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission today concluded on the existence of excessive deficits in Cyprus, Denmark and Finland and recommended deadlines for their correction to the Council.
more »
Over 2000 former construction workers in Spain and nearly 600 ex-employees of Irish glass company Waterford Crystal and its suppliers will receive a total of €11 million in aid from the EU Globalisation Adjustment Fund to help with training, business start-ups and job guidance under plans agreed by MEPs and the Council of Ministers.
more »
MEPs on Tuesday decided six top priorities and a number of additional key issues for the upcoming negotiations on the 2011 budget.
more »
The EU-China Science and Technology Week starts today at the heart of World Expo Shanghai.
more »
European Climate Action Commissioner Connie Hedegaard and European Investment Bank President Philippe Maystadt agreed on Monday to explore a joint climate finance initiative for developing countries as part of the European Union commitment made at the UN climate conference in Copenhagen last December.
more »
Sustainability, competitiveness and security of energy supply: the three pillars to the foundation of a new EU energy community.
more »
EU Trade Commissioner Karel De Gucht and Palestinian Minister of National Economy Hasan Abu-Libdeh today discussed measures to enhance EU-Palestinian bilateral trade relations and to facilitate trade of Palestinian products to EU markets.
more »
Some of the most innovative and exciting transport research projects funded by the EU are being showcased at the Transport Research Arena (TRA) in Brussels this week.
more »
Nowadays we rely heavily on satellite positioning and navigation, but the only available technology is American.
more »
The European Commission will reveal how it aims to revamp its transport networks policy in response to the challenges of the 21st century at a conference dedicated to the Trans-European Transport Network (TEN-T) in Zaragoza on 8 and 9 June.
more »