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UK is the major investor in Azerbaijan

11 February 2009 14:21 (UTC +04:00)

Baku. Vugar Israfilov â€“ APA-Economics. The United Kingdom was the number one investor in Azerbaijan for fixed capital investment by foreign countries and international institutions in the oil-rich Caspian nation during 2008, said Azerbaijanâ€™s State Statistical Committee.
The top body said the amount of fixed investment by British residents in Azerbaijan was $1.27 billion (AZN 1.021 billion), down 16.5% on a year ago. The share of British capital in total investments rose to 45.9% in 2008 from 43% in 2007.
The UK investors were followed by US, Japanese, Turkish and Norwegians which made about AZN 941.252 million or 42.3% of total capital investment in 2008.

Countries and international institutions	Amount of Investment in 2008 (AZN)	In relation to a year ago (%)	Share in total investment (%)
Total	2 224,708	83,7	100,0
Including:
UK	1 020,593	87,8	45,9
US	433,420	70,5	19,5
Japan	221,716	68,6	10,0
Turkey	147,349	92,5	6,6
Norway	138,767	68,5	6,2
South Korea	38,477	-	1,7
Czech Republic	31,438	141,8	1,4
Germany	30,099	3,0 times	1,4
France	25,589	2,1 times	1,2