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Georgia expects decrease in investments due to Coronavirus

Georgia expects decrease in investments due to Coronavirus
Georgia expects decrease in investments due to Coronavirus

''The new Coronavirus may cause problems mainly in investments,'' Georgian expert in economy Vakhtang Charaia says.

According to him, tourism and trade may follow investment problems.

''Tourists spend much on food, accommodation, and shopping… it means that visitors spend about 500 million in Georgia per annum,'' Charaia says, adding the amount will be a significant loss for the country.

On February 26, 2020, the first case of the new Coronavirus was confirmed in Georgia. The number reached three.

A total of 67 countries have observed the virus across the world.

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