Bank Of Baku

Azerbaijan sees 48% rise in negative balance on income

Azerbaijan sees 48% rise in negative balance on income
# 17 September 2010 13:00 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The total turnover of income receipts and payments made $ 1 977.8 mln during first half-year, 2010.

Most of the payments went to repatriations of income of international oil-gas consortiums’ foreign investors ($ 1 440.8 mln) salaries of non-residents ($ 62.9 mln) and paid interests for foreign loans ($ 88.3 mln).

Total income made $ 130 mln during the first 6 months of 2010.

Thus, the negative balance in the payment balance on income made $ 1 717.9 mln, in January-June, 2010, up 47.9% compared with a year ago.
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