Q2 2021: foreign direct investments down 2.6% in Georgia
The top three countries that invested the most in the second quarter of 2021 were: United Kingdom - $77.1 million (32.9%), Netherlands - $31.5 million (13.5%) and Czechia - $30.8 million (13.2%). Photo: Nino Alavidze/Agenda.ge.
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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).
Reduction of the amount of equity, transferring of ownership from non-resident to the resident units and payment of debt by 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 second quarter of 2021 were:
- United Kingdom - $77.1 million (32.9%)
- Netherlands - $31.5 million (13.5%)
- Czechia - $30.8 million (13.2%)
Image: 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%).
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.
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.
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).
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.
Ryan Strategic Advisory has published a research paper on business process outsourcing (BPO) opportunities in Georgia, which reads that the country has come onto the outsourcing scene 'with a tight, targeted business services offering that is attracting the attention of executives across western demand markets'.
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.
Foreign direct investments (FDI) in Georgia totalled $1.152 billion in 2021, which is two times higher compared to the adjusted data of 2020, the National Statistics Office of Georgia (Geostat) reported in its latest data.