ECONOMY


VOLUME OF DIRECT INVESTMENTS INCREASES

Within 9 months of this year, the volume of investment in Azerbaijan has increase by 5 trillion manats or 70,9% against the same period of the last year. This once again indicates favorable investment environment in our country.

According the National Bank of Azerbaijan, during nine months of 2003, the total volume of the investment in Azerbaijan has made up 12,1 trillion manats, 10,6 trillion of the amount have been invested by private sector, 8,9 trillion manats by foreign, and 2,3 trillion manats by local investors.

As to these showings, Azerbaijan leaves far behind other CIS countries.

The volume of direct investment in the Republic is the same as the volume direct investment made for the last 8 years in such countries as Belarus, Moldova, Kirgizstan, Uzbekistan, Turkmenistan, Tajikistan and Armenia.

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