Latvia's investment in Azerbaijan's economy increased by nearly threefold


During 2023, Latvia invested USD 12 mln. 950 thousand in the economy of Azerbaijan, Paralel.Az-Economics reports citing the Central Bank of Azerbaijan.

The volume of this indicator increased by 2.6 times, or USD 8 mln. 38 thousand, compared to the previous year. Thus, in 2022, Latvia's direct investment in Azerbaijan's economy amounted to USD 4 mln. 912 thousand.

Note that in 2023, the volume of direct foreign investment attracted to Azerbaijan's economy amounted to USD 6 mln. 658 thousand.

Recall that last year the trade turnover between Latvia and Azerbaijan amounted to USD 64 mln. 945 thousand.