Azerbaijan, UK, Netherlands are Georgia’s top investor countries in 2018

11 Mar 2019 - 12:08

  • In total, foreign direct investments (FDI) in Georgia amounted to $1.23 billion in 2018. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 11 Mar 2019 - 12:08, Tbilisi,Georgia

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 National Statistics Office of Georgia (Geostat).

Last year FDIs were down by 34.9 % compared to 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:

  • Azerbaijan (19.5%)
  • United Kingdom (16.5%)
  • The Netherlands (13.6%)

The share of FDIs by the three major economic sectors reached 52.3% in 2018, allocated in:

  • Financial sector, reaching $277.9 million
  • Transports sector, reaching $209.9 million
  • Energy sector, reaching $157.2 million

Adjusted data will be published on 15 August, 2019, said Geostat.

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