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Azerbaijan main investor in Georgia in 2015

Business Materials 11 March 2016 10:05 (UTC +04:00)
Forty percent of investments in Georgia’s economy in 2015 accounted for Azerbaijan.

Baku, Azerbaijan, March 11

By Azad Hasanli - Trend:

Forty percent of investments in Georgia's economy in 2015 accounted for Azerbaijan, read a report of Georgia's National Statistics Office.

Azerbaijan kept the leadership for investments in Georgia in 2015 by investing $542 million (an increase of 58.9 percent during the year) in the country's economy.

The UK ($198 million), the Netherlands ($111 million), Luxembourg ($87 million) and Turkey ($77 million) are also the main investors in Georgia, according to the report.

Azerbaijan has gradually increased investments in Georgia since 2012. Azerbaijan invested in that country's economy $59 million in 2012, $82 million in 2013, and $341 million in 2014.

The total investments in Georgia's economy during the year stood at $1.35 billion.

Transportation and communication ($594 million), financial sector ($191 million), construction ($129 million), industry ($91 million), energy sector ($90 million) and others are among the main investment spheres in Georgia.

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Follow the author on Twitter: @AzadHasanli

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