16 Feb 2011 17:47

Foreign investment in Azerbaijan soars 50% in 2010

BAKU. Feb 16 (Interfax) - Foreign investment in Azerbaijan soared 50.8% last year to $8.2 billion, the State Statistics Committee told Interfax.

This included $3.615 billion in direct investment, up 43.8%, and $3.406 billion in loans, up 41.3%.

The oil industry received $659.6 million in foreign investment, 5.6% more than in 2009.