Iran Invests About $95 Million in Azerbaijan in 3-Month Period witin FDI
TEHRAN (Tasnim) – The Foreign Direct Investment (FDI) from Iran to the Republic of Azerbaijan stood at $94.8 million in the first quarter of 2024 (January to March).
Calculations based on the data released from the Central Bank of Azerbaijan showed that this figure increased by 5.69 percent ($5.7 million) compared to the last year’s corresponding period, the report added.
The share of FDI from Iran in total FDI in the Republic of Azerbaijan was 6.3 percent, it said.
The report added that the FDI from Iran to the Republic of Azerbaijan amounted to $395.9 million in 2023.
The FDI in the Republic of Azerbaijan's economy amounted to $6.6 billion last year, registering a 6.1 percent growth, Azernews reported.
