16 Oct 2012 15:22

Azerbaijan says investment to climb 17% in 2013

BAKU. Oct 16 (Interfax) - Investment in Azerbaijan's economy is predicted to reach 18 billion manat (0.7852 manat/$1 on October 16) in 2013, 17.3% more than the forecast for 2012, the Azerbaijani Finance Ministry told Interfax.

The ministry expects 71% of the investment to be domestic and 29% to be foreign. Government investment in 2013 is forecast at 11.4 billion manat.

The government forecasts that 69.4% of investment in 2013 will go to the non-oil sector.