Bank Of Baku

Azerbaijan sees decline in negative balance on income

Azerbaijan sees decline in negative balance on income
# 01 April 2011 08:44 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. The total turnover of incomes and payments on revenue in BoP was accounted $ 4 818.2 mln, in 2010.

Central Bank of Azerbaijan says $ 4 142.6 mln or 86% of this was payments from Azerbaijan, $ 675.5 mln or 14% - income related revenue.

Thus, the negative balance in BoP on income made $ 3 467.1 mln in 2010, down 1.5% compared to a year.

Most of payments from Azerbaijan are repatriation of incomes of foreign investors of international oil-gas consortiums ($ 3 082.4 mln), wages for non-residents ($ 113.6 mln) and paid interests for using the foreign credits ($ 212 mln).
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