Baku, Azerbaijan, June 11
By Azad Hasanli - Trend:
In the first quarter of 2018, Azerbaijan invested $51 million in the economy of Georgia, which is twice less than in the fourth quarter of 2017, according to the State Statistics Service of Georgia.
Azerbaijan ranked second in terms of investing in Georgia. The Great Britain ($82.7 million) ranked the first, which China ($41.6 million) at the third place.
|
2017 |
2018 |
||||
|
1st quarter |
2nd quarter |
3rd quarter |
4th quarter |
1st quarter |
|
|
UK |
80.5 |
31.6 |
62.4 |
75.9 |
82.7 |
|
Azerbaijan |
96.7 |
127.2 |
154.1 |
104.1 |
51 |
|
China |
7.3 |
10.6 |
18.4 |
15.6 |
41.6 |
|
The Netherlands |
22.2 |
49.8 |
61.9 |
90.4 |
32.3 |
|
US |
16.5 |
13.6 |
26.3 |
18 |
23.8 |
|
Luxembourg |
-19.4 |
9.3 |
9.8 |
25.5 |
18.6 |
|
Panama |
12 |
17 |
13.3 |
11.7 |
16.9 |
|
Other countries |
200.5 |
88.6 |
254.3 |
156.1 |
12.4 |
|
Total |
416.4 |
347.7 |
600.4 |
497.4 |
279.3 |
Azerbaijan's foreign direct investment in Georgia declined amid a general decline in investing in that country's economy.
Thus, investments in Georgia in January-March 2018 amounted to $279.3 million, decreasing by 32.9 percent. The main reason for this decline is the transfer of property rights from non-residents to residents and reduction of external liabilities by Georgian companies.
Bulk of the investments were made in the financial sector (39.6 percent), construction (24.7 percent) and manufacturing (14.4 percent) in Georgia.
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