Home
Category
TV Live Menu
TR RU GE
Loading data...

Azerbaijan remains the largest investor country in Georgia

5c87e74e8e6e1
BM.GE
12.03.19 21:04
• 821
According to the recent report published by the National Statistics Office of Georgia (Geostat), the value of Foreign Direct Investments (FDI) has gone up to 1.23 million USD, which is 35% decrease compared to 2017. Moreover, the indicator is the lowest in last five years.

The decrease is connected to fewer investments from Georgia’s largest investor countries. For example, the decrease in investments from Azerbaijan is 48%, from the United Kingdom – 17%, the Netherlands – 52% and from Russia – 29%.

Geostat notes that the reason behind this is the completion of major magisterial pipeline project, due to which several non-resident investors have fewer responsibilities and several enterprises have gone under the ownership of Georgian residents.

Here is the ranking of largest investor countries:
  1. Azerbaijan - $240,007,092
  2. The United Kingdom - $203,670,839
  3. The Netherlands - $167,854,161
  4. The United States of America - $103,673,364
  5. Panama - $74,735,061
  6. Czechia - $72,338,511
  7. China - $65,400,788
  8. South Korea - $63,237,737
  9. Russia - $60,063,426
  10. Luxembourg - $48,445,017
  11. Germany - 42,131,237
  12. Malta - $36,723,901
  13. France - $26,312,702
  14. United Arab Emirates (UAE) - $20,370,179
  15. Ukraine - $18,501,841
  16. Denmark - $15,303,593
  17. Austria - $14,494,152
  18. Switzerland - $10,901,424
  19. Armenia - $9,673,111
  20. Bulgaria - $8,991,412
Offshore zone (Panama) is also among major investor countries. 

Foreign Direct Investments are one of the main sources of the flow of foreign currency in Georgia. Its decrease has a negative influence on the exchange rate.