Q3 2018: Georgia attracts $322.6 mln in foreign direct investments
Q3 FDIs were down by 48.2% compared to the adjusted data for Q3 of 2017. Photo: N. Alavidze/Agenda.ge.
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Foreign direct investments (FDI) in Georgia amounted to $322.6 million in the third quarter (Q3) of 2018 as shown by preliminary data published by the National Statistics Office of Georgia (Geostat).
Q3 FDIs were down by 48.2% compared to the adjusted data for Q3 of 2017.
The main reasons for the decrease in FDIs is the completed pipeline project, transferring of ownership in some companies from non-resident to resident units and reduction of liabilities to non-resident direct investors”, said Geostat.
The share of FDI by major foreign direct investor countries allocated as follows:
- The Netherlands (15.4%)
- Korea (12.5%)
- Azerbaijan (10.3 %)
The share of FDI by the three major economic sectors reached 48.8% in Q3 2018, allocated in:
- Manufacturing, reaching $56.5 million
- Transports and communications, reaching $54.5 million
- Energy, reaching $46.3 million
Foreign direct investments (FDI) in Georgia amounted to USD 389.2 million in Q2 2018 as shown by preliminary data published by the Geostat.
Foreign investors have been demonstrating growing interest in various fields of Georgia's economy, especially in the transport, communications, financial and construction sectors, show adjusted data of the National Statistics Office of Georgia (Geostat).
Foreign direct investments (FDI) in Georgia amounted to $279.3 million in the first quarter (Q1) of 2018, shows the preliminary data of the National Statistics Office of Georgia.
Foreign investors have been demonstrating growing interest in various fields of Georgia's economy and especially in transports and communications, financial and construction sectors, show the latest preliminary data of the National Statistics Office of Georgia (Geostat).
A stable national currency, increasing investments and five per cent growth await Georgia in 2019, Economy Minister Giorgi Kobulia said while addressing parliament today.
A large Canadian investment company, Kamcon Investments, is looking at the possibility of investing in Georgia to build an industrial complex in the city of Rustavi.
Azerbaijan, the United Kingdom and the Netherlands were the countries that invested the most heavily in Georgia in 2018. In total, foreign direct investments (FDI) in Georgia amounted to $1.23 billion in 2018 as shown by preliminary data published by the Geostat.
Georgian Prime Minister Mamuka Bakhtadze has responded to recent statistics on foreign direct investments (FDI) in Georgia and explained the reasons for their decrease.
What does last year look like in numbers?
The director of the National Statistics Office of Georgia (Geostat) Gogita Todradze summirised 2018 and highlighted Georgia’s main statistical data from the past year earlier today.