Q1 2021: foreign direct investments down 28.3% in Georgia
The top three countries that invested the most in the first quarter of 2021 were: United Kingdom - $88.4 million (70.5%), Russia - $31.9 million (25.4%) and Turkey - $24.5 million (19.5%). Photo: Nino Alavidze/Agenda.ge.
Tweet 
Share
Foreign direct investments (FDI) in Georgia amounted to $125.4 million in the first quarter of 2021, down 28.3% from the preliminary data of the same quarter of 2020, show the latest data of the National Statistics Office of Georgia (Geostat).
Reduction of the amount of reinvestment and transferring of ownership from non-resident to the resident units in several companies are considered to be the main reasons for the decline of FDI", said Geostat.
The top three countries that invested the most in the first quarter of 2021 were:
- United Kingdom - $88.4 million (70.5%)
- Russia - $31.9 million (25.4%)
- Turkey - $24.5 million (19.5%)
The largest share of FDI was registered in the financial sector, reaching $93.9 million (74.9%), the energy sector was the second with $35.5 million (28.3%), followed by the manufacturing sector with $27.9 million (22.2%).
Georgian Prime Minister Irakli Garibashvili has today appointed Vazil Hudak, former Vice-President of the European Investment Bank (EIB) and former Minister of Economy of Slovakia, as his special adviser on foreign investments.
Finnish corporation Nokia has expressed an interest in entering the Georgian market, announces the Ministry of Economy of Georgia. Georgian Deputy Economy Ministers Genadi Arveladze and Irakli Nadareishvili met with regional Vice-President of Nokia Mikko Lavanti earlier today to discuss areas in which Nokia could invest in Georgia.
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).
State-owned enterprises have lost about 130 million GEL in revenue due to the coronavirus pandemic reads the Fiscal Risk Analysis Document which accompanies the final version of the 2021 draft budget.
Georgia has received %5.2 billion in Foreign Direct Investment (FDI) from offshore companies between 2011 and 2020 which amounts to 38% of total FDIs of the period, says Transparency International Georgia.
fDi Intelligence publishes report on investment potential of Georgia
News and FDI publication, fDi Intelligence, has published a special report titled 'Georgia Pushes its Boundaries – the Country is Positioning Itself as the Next Global Trade Hub', which overviews the investment potential of the economic sectors of Georgia and offers exclusive interviews with high officials from Georgia's economic team.
Foreign direct investments (FDI) in Georgia amounted to $234.2 million in the second quarter of 2021, down 2.6% from the adjusted data of the same quarter of 2020, show the latest data of the National Statistics Office of Georgia (Geostat). The largest share of FDI was registered in the financial sector, reaching $82 million (35%), the energy sector was the second with $65.2 million (27.8%), followed by the manufacturing sector with $46.5 million (19.9%).
Foreign direct investments (FDI) in Georgia totalled 299 million USD in the third quarter of 2021, which is up 1.4% from the adjusted data for the same period last year, the latest data of the National Statistics Office of Georgia (Geostat) show.