Azerbaijan increases net financial liabilities by nearly half a billion dollars 

Azerbaijan increased its net financial liabilities by $498.6 million in January-June of 2023, Report informs, referring to the Central Bank of Azerbaijan (CBA).

The bank says the reduction was provided by a growth of $2,979.5 million in direct investments in Azerbaijan (a growth of $3,220.6 million in the same period of 2022), a decline of $3,647.6 million in the repatriation of investments (a decline of 5,256.3 million), an increase of $450.2 million in oil bonus (a growth of $153.4 million), a decrease of $582.3 million in portfolio investments (+32.7%), and an increase of $1,298.8 million in other investments (a drop of $184.9 million).