Foreign investment in Azerbaijan's economy up 28% last year

Foreign investment in Azerbaijan's economy grew 28 percent last year to 4.167 billion manat, according to the State Statistics Committee.

Of the total, 87.2 percent (3.632.2 billion manat) was invested by UK, U.S., Japanese, Norwegian, Turkish, Czech and French companies. 

The UK maintained its position as the largest foreign investor. It accounted for 35.9 percent of all foreign investments.

Norwegian investments in the Azerbaijani economy totaled 513.79 million manat (12.3 percent of total). The US invested 489.12 million manat (11.8 percent), Japan - 388.36 million manat (9.3 percent), the Czech Republic - 275.65 million manat (6.6 percent), Turkey - 310.96 million manat (7.5 percent), France - 159.34 million manat (3.8 percent) and Russia- 124.98 million manat (3 percent).