Russia invests $1.8bn in Azerbaijan

  02 October 2015    Read: 778
Russia invests $1.8bn in Azerbaijan
Russian companies have invested $1.8bn in Azerbaijani economy.
Oil and gas sector accounts for almost 90% of these investments.

AzVision.az reports citing Sputnik.az that the statement came the head of the Azerbaijani Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov.

"Another $200 mln is an investment in the non-oil sector, and an intensive work is currently underway to diversify our economic relations, which is a priority for both sides.

Russia has extensive experience in economic diversification, Azerbaijan is also on the way to it. Over the past years the growth of non-oil sector in the bilateral relations was 9-10% ", Mammadov said.

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