As reported by the National Statistics Office of Georgia, the volume of foreign direct investments increased by 0.2% in 2019 and equaled 1.267 billion USD.
A total of 48% of the entire volume of investments represents the re-investment rate or 612.5 million USD.
The UK is on the top of the list, with 247.8 million USD investment in Georgia. Turkey follows the UK with 236 million USD, while Ireland ranks third with 132 million USD investment.
The rating, according to the countries, is as follows:
1) The UK - $247.8 million
2) Turkey - $236.5 million
3) Ireland- $132 million
4) The US- $99 million
5) Panama - $78.1 million
6) The Netherlands - $52.9 million
7)Russia - $50.5 million
8) China- $40.4 million
9) Japan - $39.2 million
10) Other countries - $290.5 million
The investments from the European Union increased by 1.4% while the rate from the CIS decreased by 2.5 times.
The volume of investments increased in the Energy sector (61%), hotels and restaurants (102%), while the rate decreased in real estate (-125%), and transport (-65%).
The financial sector received the most significant foreign direct investment and reached 261.8 million USD.
Bela GelashviliNews Author