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EBRD more than triples investment in Azerbaijan

EBRD more than triples investment in Azerbaijan

24 November 2009 12:35 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. The fixed investments in Azerbaijan by the European Bank of Reconstruction and Development (EBRD) during January-October was AZN 19 011 900, up 3.5 times from a year ago, said the State Statistical Committee.

The EBRD investment accounted for 1.6% of fixed capital investments in Azerbaijan by foreign countries and international organizations.

Azerbaijan joined the EBRD in 1992. Since then, the EBRD has contributed over $1 billion to Azerbaijan.

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