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AZERBAIJAN FALLS BEHIND BOTH GEORGIA AND ARMENIA IN REGARD TO VOLUME OF DIRECT FOREIGN INVESTMENTS INTO ECONOMICS
Azerbaijan Business Center
April 14 2010
In 2009, Azerbaijan fell behind Georgia and Armenia the second time
during recent history in regard to volume of direct foreign investments
(FDI), although it was the only state from indicated three ones,
where FDI increased.
According to report of Asian Development Outlook (ADO) 2010, prepared
by the Asian Development Bank (ADB), in 2009, FDI in Azerbaijani
economics grew from $15 million to $472 million, but the country the
second year in succession turned out to be only the third regarding
their volume in Southern Caucasus. In Georgia, which remained leader,
FDI dropped from $1.5 bn to $765 million, and in Armenia - from $925
million to $700 million. At the same time, Georgian population is
less three times than Azerbaijani one.
Kazakhstan, where FDI dropped from $14.783 billion to $9.526 billion,
is leader as before in the region of the Central Asia with regard to
volume of FDI in economics. Uzbekistan turned out to be the second
(growth from $1 billion to $1.5 billion), the third - Turkmenistan
(growth of $0.82 billion to $1.355 billion).
In compliance with ADO 2010, the small island states of Pacific Ocean,
entering in ADB, cope with living without FDI in general.
Azerbaijan Business Center
April 14 2010
In 2009, Azerbaijan fell behind Georgia and Armenia the second time
during recent history in regard to volume of direct foreign investments
(FDI), although it was the only state from indicated three ones,
where FDI increased.
According to report of Asian Development Outlook (ADO) 2010, prepared
by the Asian Development Bank (ADB), in 2009, FDI in Azerbaijani
economics grew from $15 million to $472 million, but the country the
second year in succession turned out to be only the third regarding
their volume in Southern Caucasus. In Georgia, which remained leader,
FDI dropped from $1.5 bn to $765 million, and in Armenia - from $925
million to $700 million. At the same time, Georgian population is
less three times than Azerbaijani one.
Kazakhstan, where FDI dropped from $14.783 billion to $9.526 billion,
is leader as before in the region of the Central Asia with regard to
volume of FDI in economics. Uzbekistan turned out to be the second
(growth from $1 billion to $1.5 billion), the third - Turkmenistan
(growth of $0.82 billion to $1.355 billion).
In compliance with ADO 2010, the small island states of Pacific Ocean,
entering in ADB, cope with living without FDI in general.