FDIs in Georgia reaches $1 billion between January-September

In the first nine months of 2015 the total value of Foreign Direct Investments (FDI) amounted to $1.019 billion USD.

This was 17 percent less compared with the same period of 2014, said the National Statistics Office of Georgia (Geostat).

Preliminary figures showed in the third quarter (Q3) of 2015, FDIs in Georgia amounted to $489 million USD, down 33 percent from the adjusted data of Q3 2014 and up 38 percent from the preliminary data of Q2 2015.

The share of FDIs by major economic sectors reached 72 percent in Q3 2015.

Geostat noted the largest share of FDIs were spent in the transport and communications sector, reaching $218 million USD in Q3 2015.

The financial sector took second position with $73 million USD in FDIs followed by the construction sector with $63 million USD.