Georgian Deputy Economy Minister announces “record increase” of 10.3% in FDI since 2008

Irakli Nadareishvili, the Deputy Economy Minister of Georgia, on Monday said the country had experienced a “record increase” of 10.3 percent in foreign direct investments since 2008 in the second quarter of this year.

The FDI rose to $574.3 million during this period, with the United Kingdom ($266.7 million) being the major foreign direct investor country, followed by Japan ($59.2 million) and Malta ($37.9 million), the National Statistics Office of the country said.

The largest share of FDI was registered in the financial and insurance activities sector, reaching $300.1 million. The trade sector was the second with $79.2 million, followed by manufacturing with $55.5 million, the Office added.

Nadareishvili attributed this achievement to the country's “positive image” as an “attractive investment destination” and the “consistent” economic policies implemented by the Government.

Emphasising the importance of macroeconomic indicators in investment decisions, Nadareishvili highlighted the Ministry's “special offers and tools” to facilitate investments in various sectors.

The Deputy Minister further emphasised the “confidence and positive expectations” of investors toward Georgia’s business environment and underscored the Government’s commitment to prioritising “quality investments” and the “transfer of knowledge and technologies”.