Investment from Azerbaijan and Armenia to Georgia

Investment from Azerbaijan and Armenia to Georgia

Armenia and Azerbaijan have strategic importance to Georgia when it comes to foreign trade.

The share of both countries in Georgian tourism is accountable.

As for investments, according to the National Statistics Office of Georgia data for the second quarter of this year, a total of 408,583,0 thousand dollars of foreign direct investment made it to Georgia.

In the second quarter of this year, the top five investor countries are as follows: the United Kingdom with $ 58.9 million, the Netherlands with $ 53.2 million, Turkey with $ 31.5 million, the United States with $ 19.9 million, and Slovakia with $ 16.2 million.

As for the CIS countries, 1 009.8 thousand dollars were invested in Georgia in the first six months of the current year.

Investments from Azerbaijan in Georgia in the first quarter of this year decreased by 13 995,3 thousand USD, and in the second quarter decreased by 5 119,5 thousand USD, compared to the previous year.

Investments from Armenia increased in both quarters this year, by $ 1,965,800 in the first quarter and by $ 1,345,000 in the second.

From this group of countries, investments in Georgia have increased this year, except for Azerbaijan and Kazakhstan.

Last year, 35,788.9 thousand dollars were invested in Georgia from Azerbaijan, 246,384.7 thousand dollars in 2018, and 460,499.0 thousand dollars in 2017.

The amount of money invested from Armenia to Georgia last year amounted to 14 198.7 thousand dollars. In 2018, Armenia invested 9,650,0000 dollars, and in 2017, 6,932.0 thousand dollars.

According to experts, the conflict between Azerbaijan and Armenia contributes to losing the whole region's investment attractiveness, including Georgia, because an investor needs a stable and secure environment. Therefore, the current situation will deprive Georgia of investments.

The position of conflict specialists, economists, and financiers on the Azerbaijan-Armenia conflict are similar. They say the conflict between the two countries will have a significant impact on the region's economy. The economical price of this conflict depends directly on its persistence, time, and scale.

On September 27, the situation on the border between Armenia and Azerbaijan became extremely tense. The situation in Nagorno-Karabakh and near the conflict zone is tense again. The parties report military clashes and casualties.

The armed conflict between the two countries intensified on July 12 as well and lasted for about ten days.

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