TODAY.AZ / Business

$4575.5m invested in 2004 in Azerbaijan

05 April 2005 [09:18] - TODAY.AZ
In accordance with the 2004 payment balance of Azerbaijan, last year $4575.5m was invested in the country's economy, which 35.7% up as compared to 2003 ($3371m).
The National Bank of Azerbaijan (NBA) told Trend, in 2004 direct investments  in the economy comprised $4192.3m, or 38.9%mopre than 2003 ($3018.8m).  $4088.1m of total investments (+37.5% to $2972.4m in 2003) was invested in  the oil and gas sector.

In 2004 $383.2m of investments (+8.5% to $353.2m in 2003) was implemented at  the expense of credit resources. Credits taken under the governmental  guarantees made up $308.3m, or 2,223 times more than 2003 ($13.,7m).


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