Georgia attracts more than $345m foreign direct investments in Q2 2017
PM Kvirikashvili: “This is the correction of the GEL’s exchange rate due the recent devaluation of the national currencies of our neighbouring countries." Photo by N.Alavidze/Agenda.ge
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Agenda.ge, 08 Sep 2017 - 15:03, Tbilisi,Georgia
Foreign direct investments (FDI) in Georgia amounted to $346.6 million in the second quarter (Q2) of 2017, shows the preliminary data of the National Statistics Office of Georgia.
This is a 14.3 percent decrease compared to the adjusted data of the same period of the previous year.
The top three countries that invested the most in Georgia during this period were:
- Azerbaijan: $126.9 million (36 percent of all FDIs)
- The Netherlands: $42.9 million (12.4 percent of all FDIs)
- Turkey: $39.3 million (11.3 percent of all FDIs)
Three sectors of the Georgian economy enjoyed 66.3 percent of all FDIs:
- Transports and communications: $130 million (37.6 percent of all FDIs).
- Construction: $70 million (20.2 percent of all FDIs).
- Hotels and restaurants: $29.3 million (8.4 percent of all FDIs).
The National Statistics Office noted that the adjusted data will be published on August 15, 2018.