$14.6 billion invested in Azerbaijan’s economy in 2017

Baku, January 11, AZERTAC

‘$14.6 billion was invested in Azerbaijan’s economy in 2017. This is a good indicator. It shows that both of the local and foreign investors are interested in investing in our country. At the same time, it is the result of stability, taking into account that in the current financial and economic situation many investors don’t go about investing in the foreign countries and think it is unwise. Investments usually go to the stable countries with clear and bright future’.

This was stated by Azerbaijani President Ilham Aliyev at the meeting of the Cabinet of Ministers on January 10 dedicated to the results of socio-economic development of 2017 and objectives for the future.

President Ilham Aliyev said a number of significant projects were implemented last year and exports increased 19% and non-oil exports rose 24%. The President regarded maintaining stable imports as a high result, adding that ‘any country could be proud of such results’.

‘The investments will remain at the level of previous year. The Azerbaijani economy is expected to receive investments in $15 billion this year. The figure may alter and rise, however. As Azerbaijan has become a world scale country attractive for foreign investments. Economic stability, currency reserves and commercial attractiveness of the projects being realized in Azerbaijan will motivate more foreign investment flow’, President Ilham Aliyev stressed.

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