Economy

Foreign investments in Q1 down 34% in 2015

by | Jun 9, 2015
sakdrisi

Sakdrisi gold mine. Much of the foreign investments go into mining. (Interpressnews.)

TBILISI, DFWatch–There was 34 percent less direct foreign investment in Georgia in the first quarter of 2015 than in the same period last year.

According to preliminary figures from the Georgian National Statistics Department, GeoStat, the amount of foreign investments in the first quarter was USD 175 million. Last year, it was USD 265 million. In the first quarter of 2013, the amount of such investment was USD 252 million.

In the fourth quarter of 2014, the amount of foreign investments was USD 349 million, while the highest amount of investments during the nine quarters from 2013 to 2015 occured in the third quarter of 2014, when the amount of investment was USD 508 million and the lowest in the second quarter of 2014 with USD 151 million.

The most important originator countries for investments in the first quarter of 2015 were Azerbaijan with USD 59 million, Turkey with USD 27 million and Russia with USD 23 million.

Among the sectors being invested in, the most significant were transport and communication, construction, mining industry, hotels and restaurants and the energy sector.

Precise figures will be published on August 17.



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