Economy, News

Georgia sees sharp drop in foreign investments

by | Sep 10, 2014
poti

(Interpressnews.)

TBILISI, DFWatch–The amount of direct foreign investments in Georgia in the second quarter of 2014 was USD 151 million; significantly lower than in the same period last year.

This is down 27% compared to in the second quarter of 2013, when there was USD 208 million of foreign investments, according to preliminary figures from the Georgian National Statistics Department, GeoStat.

In fact, it is the lowest figure for a quarter in the last four years; the previous lowest result being third quarter of 2012 with USD 199 million.

In the first quarter of 2014, the amount of direct foreign investments was USD 265 million.

Georgia’s top partner countries in terms of foreign investments in second quarter of 2014 were Netherlands with USD 93 million, Azerbaijan with USD 77 million, Luxemburg with USD 48 million, Turkey with USD 25 million and Russia with USD 18 million.

The highest amount of investments went to the transport and communications sector with USD 101 million. There was USD 58 million investments in manufacturing and USD 45 million in the energy sector.



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