Latest Breaking News On - Bibiheybat - Page 5 : comparemela.com
Baku, May 12, AZERTAC
Since the collapse of the Soviet Union, the South Caucasus region’s strategic location and energy resources have played a significant role in increasing the region’s importance and attracting international attention, and major investments have been made in new pipelines and the search for new oil and gas deposits. The South Caucasus region includes Azerbaijan, Georgia, and Armenia and covers a definition with a distinct geopolitical and ethnopolitical background.
Today Azerbaijan is one of the major recipients of the Foreign Direct Investments (FDIs) in the Caucasus region. Several data sets from various sources conclude that the flow of foreign direct investments to Azerbaijan has increased rapidly in the last two decades, and the majority of those investments focused on Azerbaijan’s energy sector, more specifically on the oil and gas sector.
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