Economy, News

Georgia is losing out on foreign investments

by | Dec 14, 2012

TBILISI, DFWatch — Georgia’s direct foreign investments have significantly decreased in the third quarter of 2012 compared to the same period in 2011, according to Georgia’s National Statistics Department, Geostat.

According to the new report, the total amount of direct foreign investments in the third quarter equaled to USD 190 million, a significant drop compared to USD 317 million in the same period in 2011.

The period with the largest influx of direct foreign investments in the last three years was in the fourth quarter of 2011, with USD 343 million of investments. The period with the lowest amount of investment was in the first quarter of 2010 with USD 167 million.

Investments have continued to decrease in 2012.

The top investing country in the third quarter is Netherlands with 25 percent, followed by international organizations – 22 percent, third is Turkey – 17 percent, followed by UK, Japan, US, Russia, China.

The largest part of investments went to the finance sector: USD 46 million, or 34 percent of all investments, followed by the energy sector with USD 40 million.



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