Bank Of Baku

Heydar Babayev: Russia sees the most intensive investment outflow among the CIS states

Heydar Babayev: Russia sees the most intensive investment outflow among the CIS states
# 04 September 2008 16:25 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. After happenings in Georgia, Russia has started to see the most intensive investment outflow in the CIS area, said Heydar Babayev, Azerbaijan’s Minister of Economic Development.
He added that recent happenings in Georgia may be seen in two ways.
“Because of problems in a country in the region, there may be capital flow to neighboring countries. On the other hand, investment outflow may be seen because of lack of stability in the region. Investors more out of Russia at present than other CIS states. Azerbaijan is not faced with this problem,” he added.
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