Investments in Azerbaijan to continue growing from 2009

The Bank said foreign and domestic investments are expected to total $6.059 billion in 2008 and $6.641 billion in 2009.

As opposed to the previous year, total investment will decline 0.5% in 2008 while it is predicted to grow 9.6% in 2009 and 6.8% in 2010.

Domestic investment will grow to $5.332 billion from $4.032 billion, and ricochet to $4.636 billion in 2009.

Investment growth rate is predicted at 28% for this year and 15% in 2009 and 2010.

According to the outlook, foreign investment will be $2.027 billion in 2008, $2.005 in 2009 and $1.76 billion in 2010.

Foreign loans to projects are also expected to decline to $620 million in 2008, $530 million in 2009 and $380 million in 2010.

/APA/