Georgia’s FDI fell by 54% in Q2, 2019

Georgia’s FDI fell by 54% in Q2, 2019

access_time2019-09-09 12:23:57

According to the National Statistical Office, in the second quarter of 2019, a volume of foreign direct investment (FDI) into Georgia’s economy dropped by 53.7% compared to the same period in 2018 and amounted to $ 187 million.

A decline was caused by   the completion of the trans-Caspian gas pipeline, a reduction in the foreign investment obligations of non-residents, and a decline in reinvested earnings.

FDI from Holland, Azerbaijan, Turkey, Panama, Czech Republic, and other countries see a drop.

three sectors of the economy, namely  energy - $ 63.7 million, the processing industry - $ 38.4% and the hospitality industry  – $ 28, 1 million account for 69.6% of the total investment.


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