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Azerbaijan still Georgia’s main investor

Business Materials 12 December 2016 08:02
Azerbaijan invested $151 million in Georgia's economy in 3Q2016, which is 15.1 percent less than in the same period of 2015
Azerbaijan still Georgia’s main investor

Baku, Azerbaijan, Dec. 12

By Anvar Mammadov – Trend:

Azerbaijan invested $151 million in Georgia's economy in 3Q2016, which is 15.1 percent less than in the same period of 2015, Georgia’s National Statistics Office said in a report.

Azerbaijan ranks first in the volume of investments in Georgia’s economy, according to the report. Azerbaijan’s investments account for 33 percent of all investments made in Georgia's economy.

In total, $463 million were invested in Georgia’s economy during the reporting period, which is 4.1 percent less than in 3Q2015.

Turkey ranks second in terms of the volume of investments in Georgia with $111 million (24 percent of all investments) during the reporting period, while Luxembourg ranks third with a total investment of $52 million (11 percent of all investments).

The US, Czech Republic, the Netherlands, China, Japan, Panama and Cyprus are also in the list of Georgia’s main investors in 3Q2016.

Overall, in the nine months of 2016 Azerbaijan invested $434 million in Georgia, which is 9.6 percent more than in the same period of 2015.

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