Bank Of Baku

Azerbaijan posts a growing surplus in portfolio investment balance

Azerbaijan posts a growing surplus in portfolio investment balance
# 13 April 2009 16:53 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. As of 1 January 2009, portfolio investments from Azerbaijan abroad, on 1 January 2009 amounted to $550.7 million, According to the Central Bank’s international investment balance for 2008.

Portfolio investment into Azerbaijan from abroad reached $177.3 million.

The central bank said the country’s portfolio investment balance generated a $373.4 million surplus, that is, portfolio investment outflow exceeded inflow by 3.1 times.

The portfolio investment surplus was $26 million in early 2008.
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