Bank Of Baku

Deputy Minister: “Over $100 bln is forecasted to be invested in the country’s economy during next four years”

Deputy Minister: “Over $100 bln is forecasted to be invested in the country’s economy during next four years”
# 18 November 2014 12:42 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. In 2015, the investment in Azerbaijan will rise 5% to AZN 19.8 bln, said the Deputy Minister of Economy and Industry Sevinj Hasanova in the discussion of state budget package at the plenary meeting of Azerbaijani Parliament.  

 

“Investments in the country’s economy in 2015 will exceed $25 bln. Of this, $6.9 bln will make foreign investments. $7.4 bln will be invested in oil sector in 2015. Main part of investments in the economy will be directed to non-oil sector”.

 

She said that over $100 bln is expected to be invested in the country’s economy during next for years.

 

The Deputy Minister also added that Azerbaijan is expected to produce 40.6 mln tonnes of oil in 2015, average 40 mln tonnes for next years.

 

Inflation will be low. Hasanova said that macroeconomic stability is saved, inflation is low in Azerbaijan. Inflation for 2015 is forecasted to make 2.3%.

 

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