USD 1.7

Baku 25 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

Azerbaijan sees sharp rise in negative balance on income

Azerbaijan sees sharp rise in negative balance on income

15 September 2011 14:15 (UTC +04:00)

Central Bank of Azerbaijan says $ 2 993.5 mln or 88.5% of this was payments from Azerbaijan, $ 389.2 mln or 11.5% - income related revenue.

Thus, the negative balance in BoP on income made $ 2 604.4 mln in Q1, 2011, up 51.6% compared to a year.

Most of payments from Azerbaijan are repatriation of incomes of foreign investors of international oil-gas consortiums ($ 2 504.6 mln), wages for non-residents ($ 71 mln) and paid interests for using the foreign credits ($ 91 mln).

Totally, 98.3% or $ 2 560.5 mln of negative balance on income belonged to oil-gas sector, AZN 43.9 mln or 1.7% - to other spheres. Oil-gas sectorâ€™s payments exceeded the incomes by 566 times.

Finance

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

TuranBank conducts beach cleanup campaign on the Caspian coast in cooperation with the Ministry of Ecology and Natural Resources

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

ADB: Expanding electric transport could bring Azerbaijan $18 mln annually

BSTDB Vice President Ziya Aliyev

BSTDB has financed over €9 billion in projects since its establishment – Vice President

BSTDB President Serhat Köksal

BSTDB President: Our more than 20-year partnership with Azerbaijan is built on mutual trust

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED