CBA: 81% of direct investments in country’s economy made in oil and gas sector

Baku. 17 December. REPORT.AZ/ In January-September 2018, the funds raised as direct foreign investments amounted to $2.9 billion, Report informs citing the Financial Markets Supervisory Authority (FIMSA).

According to FIMSA, oil and gas sector constituted 81% of these investments. 

Investments in oil and gas sector made up $551.7 million.

According to the information, the net financial assets increased by $3,344.8 million in January-September: "This figure was formed by direct investments in abroad ($1,562.1 million), portfolio investments ($622.7 million), derivative financial instruments ($-3.2 million) and other investments ($1,163.2 million). Net financial liabilities, which were formed by investments attracted from abroad ($533.6 million), oil bonuses ($450.1 million), portfolio investments ($-348.8 million), derivative financial instruments ($-4.3 million) and other investments ($250.6 million), amounted to $881.2 million."