Azerbaijan’s investment in Türkiye's economy doubles in 1Q2024

Azerbaijan invested $40 million in the economy of Türkiye in the first quarter of 2024, representing a two-fold increase year-on-year, Report informs, citing the Central Bank of Azerbaijan.

In January-March of 2024, the share of Azerbaijan in total investments into Türkiye's economy rose from 6.7% to 12.1%.

During the reporting period, Türkiye invested $261.4 million in Azerbaijan's economy, which is 10.7% less than from the first quarter of 2023.

Meanwhile, the share of Türkiye in total investments in Azerbaijan's economy for the first quarter of the current year fell from 19.3% to 17.3%.