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
President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport.
more »
EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday.
more »
The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme.
more »
Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties.
more »
Strategy to secure a sustainable EU energy supply and support economic growth over the next decade.
more »
EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday.
more »
Saffron farmers in western Afghanistan hope to oust opium as a harvest crop.
more »
The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF).
more »
New plans for EU industry to create jobs while keeping manufacturing in Europe.
more »
The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »