Azerbaijan’s direct investments in Georgian economy almost double

Azerbaijan, Baku, Aug. 15 / Trend E. Aliyev /

In the first quarter of 2013, the volume of Azerbaijan's direct investments in Georgian economy amounted to $38.4 million, or 94.9 percent more compared to the same period in 2012, Gruzstat (The National Statistics Office of Georgia) reported.

For comparison, in January-March 2012, the volume of Azerbaijan's direct investments in Georgia's economy amounted to $19.7 million.

According to the report, $226.2 million of direct investment was made in Georgia's economy only in the first quarter of this year. Azerbaijan ranks second in the list of the leading investors with a share of 17 percent of the total income in the country. Japan is leading with $46.3 million (20 percent), followed by the Netherlands ($34.9 million or 15 percent of the total direct investment), the UK ($ 18.3 million or eight percent) and China ($12.5 million or six percent).

In just five years (2008-2012), the amount of Azerbaijan's direct investment in Georgia totaled $308.7 million. The largest volume of investments accounted for 2011 - $138 million. The smallest amount of investments was recorded in 2008 - $23.9 million.