Georgia attracted $237.8 mln in FDIs in Q2 of 2020, UK top foreign investor
The largest share of FDI was registered in the financial sector, reaching $78.1 million in Q2 2020, the energy sector was the second with $29.6 million, followed by the construction sector with $27.7 million. Photo: Nino Alavidze/Agenda.ge.
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Foreign direct investments (FDI) in Georgia amounted to $237.8 million in the second quarter of 2020, which is a 0.5 per cent increase compared to the same period of 2019, show the latest data of the National Statistics Office of Georgia (Geostat).
The top three countries that invested the most in the second quarter of 2020 were:
- United Kingdom (24.8 per cent)
- Netherlands (22.4 per cent)
- Turkey (13.3 per cent)
FDI by major investor countries in Q2 of 2020. Image: Geostat.
The share of the three largest investor countries in the total volume of foreign direct investments reached 57 per cent in the reporting period.
FDI by economic sectors in 2018-2020. (Million US Dollars) Image: Geostat.
The largest share of FDI was registered in the financial sector, reaching $78.1 million in Q2 2020, the energy sector was the second with $29.6 million, followed by the construction sector with $27.7 million.
Foreign direct investments (FDI) increased by 174 per cent and amounted to $207 million in Georgia's Black Sea region of Adjara in 2019 compared to the previous year, says the press office of the Adjara Autonomous Republic Government.
The United Kingdom, Turkey and Ireland were the countries that invested the most heavily in Georgia in 2019, show the preliminary data published by the National Statistics Office of Georgia.In total, foreign direct investments (FDI) in Georgia amounted to $1.26 billion in 2019.
Foreign direct investments (FDI) in Georgia amounted to $1.31 billion in 2019, which is a 0.3 per cent increase compared to 2018, show the latest adjusted data of the National Statistics Office of Georgia (Geostat).
Foreign direct investments (FDI) in Georgia amounted to $165.4 million in Q1 of 2020 which is a 41.7 per cent decrease compared to the same period of 2019, show the latest preliminary data from the National Statistics Office of Georgia (Geostat).
Georgia will have a three-year grace period to repay foreign debts taken on amid the coronavirus crisis, said Deputy Finance Minister Giorgi Kakauridze earlier today.
Georgian Economy Minister Natia Turnava says that the increased rate of foreign direct investment in the second quarter of 2020 proves that despite the pandemic the Georgian economy is gradually recovering.
International investment location scouts from leading European and US companies KPMG, Conway, and GDP Global are visiting Georgia for the first time to discover the country's investment potential and state programmes oriented towards industrial development.
Foreign direct investments (FDI) increased by 35 per cent and amounted to $51.9 million in Georgia's Black Sea region of Adjara in the second quarter of 2020, show preliminary data from the press office of the government of the Adjara Autonomous Republic.
Georgia and the United Kingdom are launching a new project that will contribute to increasing trade and export opportunities between the countries, announces the Embassy of Georgia to the United Kingdom.
The Georgian Chamber of Commerce and Industry and the London Chamber of Commerce and Industry have signed an agreement of cooperation today which aims to strengthen business and commercial ties between the Georgian and British businesses.
Foreign direct investments (FDI) in Georgia amounted to $302.6 million in the third quarter of 2020, down 23.6% from the adjusted data of the same quarter of 2019 and up 25.2% from the preliminary data of Q2 2020, show the latest data of the National Statistics Office of Georgia (Geostat).