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Volume of direct investments to Georgia increases in 2011

Business Materials 23 December 2011 19:00 (UTC +04:00)
The volume of foreign direct investments in Georgia during the first three quarters of 2011 increased by $ 43 million to $643 million over the same period of last year, Georgian Minister of Economy and Sustainable Development Vera Kobalia said at the press conference today.
Volume of direct investments to Georgia increases in 2011

Georgia, Tbilisi, Dec. 23 / Trend N. Kirtskhalia /

The volume of foreign direct investments in Georgia during the first three quarters of 2011 increased by $ 43 million to $643 million over the same period of last year, Georgian Minister of Economy and Sustainable Development Vera Kobalia said at the press conference today.

She said that the foreign direct investment into the country amounted to $173.7 million in the first quarter of 2011, $203.4 million in the second quarter and $ 266 million in the third quarter.

About $ 600 million were transferred to the country in the form of direct investment during the first three quarters of 2010. The largest share of investments (21 percent) fell to the Netherlands, Denmark - 16 percent, Cyprus - 13 percent, Turkey - 11 percent, Azerbaijan - 6 percent.
The representatives of the investment agency familiarized more than 2,000 businessmen with the investment climate.

"We have also taken part in over 30 international exhibitions and forums to promote Georgia's investment environment and the priority investment projects," Kobalia said.

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