Azerbaijan’s investment in Austrian economy skyrockets

Azerbaijan invested $28.95 million in the Austrian economy for the first quarter of 2024, showing a remarkable increase of 295.4 times year-on-year, Report informs, referring to the Central Bank of Azerbaijan.

During the reporting period, Azerbaijan accounted for 8.8% of the total investments in Austria's economy.

Meanwhile, Austria invested $27.2 million in Azerbaijan’s economy in January-March of this year, which is 4.1 times more compared to the same period of 2023.

Thus, the share of Austria in total investments into Azerbaijan's economy rose from 0.4% to 1.8%.