Investments in Azerbaijan for years of independence reach $270 bn


December 11, Fineko/abc.az. Raising of foreign investments in the economic sector and creation of favorable conditions for that in Azerbaijan is an important component of the economic growth strategy of our country.

ABC.AZ reports that the relevant statement was made by Deputy Energy Minister Samir Veliyev at the 30th meeting of the Energy Charter Conference in Brussels.

He points out that as a result of the successful implementation of this strategy, the volume of investments has amounted to $270 bn. The deputy minister noted that Azerbaijan is a reliable partner for investors: "Precisely is the success of the favorable investment environment that makes Azerbaijan an important partner in the global energy security system with such a huge project as transnational energy and communication projects, especially the Southern Gas Corridor, which serves to diversify sources and routes, ensuring full energy security. Our policy of investment protection of Azerbaijan and experience of effective cooperation with foreign investors allow us to implement successfully the goals related to the formation of market relations in the energy sector, the further development of renewable energy sources and energy efficiency."

It should be noted that the Energy Charter Conference will be chaired next year by Azerbaijan.