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
EBRD to pay 4.6 billion roubles for 11.75 percent stake.
more »
On 24 November in London a letter of intent will be signed between Alytus Municipality and the Spanish aluminium company “Sopena group” regarding investments of the “Sopena group” in Alytus.
more »
Tourism opportunities in Dzūkija Region of Lithuania and other issues of incoming tourism promotion were the main topics of the meeting of the Mixed Intergovernmental Commission on Trade and Economic Cooperation between the People’s Republic of China and the Republic of Lithuania.
more »
On 22-23 November in Kiyv, foreign ministers of Lithuania, Ukraine and Belarus discuss trilateral cooperation and participation of Belarus and Ukraine in the Eastern Partnership of the European Union.
more »
The Kozloduy International Decommissioning Support Fund is supporting an innovative programme to boost energy savings and efficiency of public buildings in Bulgaria with a €5 million grant.
more »
Bank DnB NORD’s Economic Research Group predicts that out of the six Baltic Rim countries, moderate economic growth will be seen in Poland, Finland and, possibly Estonia in 2010, while Denmark, Lithuania and Latvia will need more time to climb out of recession.
more »
In a meeting in Brussels of the European Bank Coordination Initiative held on 19 November 2009, the parent banks of the six largest foreign banks active in Hungary reaffirmed their commitments made in May 2009 to support their subsidiaries.
more »
On 17 November 2009, the Board of AB Bank SNORAS decided to establish the bank’s representative office in London.
more »
The European Commission has approved, under EC Treaty state aid rules, two capital injections in favour of 'The Mortgage and Land Bank of Latvia' (LHZB).
more »
The government of G hana will tomorrow sign an historic agreement with the EU aimed at ensuring that only legally harvested timber from the West African country is exported to the EU market.
more »