OREANDA-NEWS. On August 18, 2009 The State Statistics Committee of Azerbaijan has confirmed results of foreign investments in Azerbaijani economy for first six months of 2009.

According to the SSC, for Jan-June foreign investments in country’s economy totaled US1.97 bn that is by 28.78% of their volume for all 2008.

For the first six months of 2009 direct foreign investments made up US1.4 bn (71.6% of overall foreign investments) and 38.4% (US559.1mln) fell to the share of foreign borrowings. Investments in oil and gas sector reduced by 35.5% and with out of them 75.2% (US1.05bn) fell to the share of direct foreign investments.

For 2008 foreign investments in country’s economy totaled US 6.847 bn that is by 2.6% against the 2007 index (US 6.76bn with increase by 33.8%). At the same time foreign investments for the 4th quarter of 2008 totaled US 1.44 bn and for 2006 reached US 4.667 bn.

For 2008 direct foreign investments reached US 3.844 bn (56.1% of overall foreign investments) versus US 4.55 bn (67.3%) for 2007, and 34.4% (US 2.357 bn) fell to the share of foreign borrowings against US 1.425 bn (21.1%) for 2007. Investments in oil and gas sector reduced by 16.3% and they made up 48.9% (US 3.348 bn) of overall investments. Investments in non-oil sector rose from 12.5% up to AZN 494.1 million.

For 2007 investments in oil and gas sector increased by 22% and made up 61.8% (US 4.177 bn) of overall investments.