Today.Az » Business » Azerbaijan becomes major foreign investor
29 July 2011 [16:00] - Today.Az
Azerbaijani entrepreneurs and companies started exporting investments to countries abroad, Azerbaijani Economic Development Minister Shahin Mustafayev said on Friday at the presentation of a special issue of "The Business Year-Azerbaijan 2011" magazine on the 20th anniversary of Azerbaijan’s independence.
"Over $4 billion have already been invested in the Turkish economy and investments are planned to increase up to $6 billion in coming years", Mustafayev said. He said investments in Georgia's economy reached one billion dollars.
"Recognition of Azerbaijani company [SOCAR’s subsidiary in Georgia] as the largest investor and taxpayer of the year is a good indicator of Azerbaijan’s importance as investor for Georgia", Mustafayev said.
/Trend/
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