Economy Minister: Georgia remains “attractive for investors" despite high risks in region

Georgian Economy Minister Levan Davitashvili on Monday said the country remained an "attractive country" for the investors despite the "high risks" in the Black Sea region.

The Economy Ministry cited Davitashvili on highlighting recent data by the National Statistics Office, which showed a four-fold increase of foreign direct investments in the country in the first quarter of 2022 year-on-year, with the figure amounting to $568.2 million.

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[D]espite the uncertainty in the region which affects the economy, we in Georgia [...] remain calm and [...] see the high confidence from businesses in our economy", Davitashvili said.

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Origins of highest investment in Georgia in the reporting period included Spain with $196.1 million, the United Kingdom with $87.2 million and Turkey with $67.1 million, the Office said.