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.
The construction ($28.9 million) and the energy ($ 15.5 million) sectors were characterised by particularly high investment activity in this period.
Against the backdrop of global challenges, despite the created economic difficulties, the existing business in Adjara not only maintains its position in the market, but also reinvests [the total reinvestment rate was 7 per cent] and expands its activities,” notes the announcement of the press office of the Adjara Autonomous Republic Government.
About 35 per cent of the investment was carried out from the Netherlands, Austria and Switzerland in the Adjara region in the second quarter of 2020.
The Adjara region is the second after Tbilisi across Georgia in terms of incoming FDIs.
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 in Georgia the most in the second quarter of 2020 were the United Kingdom (24.8 per cent), Netherlands (22.4 per cent) and Turkey (13.3 per cent).