Baku, Azerbaijan, June 19
Trend:
The volume of foreign direct investment in Georgia in the first quarter of 2019 decreased by 6.3 percent compared with preliminary data for the same period last year and amounted to $281.1 million, Trend reports with reference to the data of the National Statistics Office of Georgia.
The biggest investor in the first quarter of 2019 was Ireland. The top three countries also include the United Kingdom and the US. The share of investment of these countries is $197.9 million - about 70.5 percent of the total investment.
In addition, among the active investors are: Japan ($18.2 million), Panama ($ 16.7 million), Azerbaijan ($15.4 million), Russia ($ 14.4 million), Denmark ($ 11 million ) and other countries.
The most popular sectors for investment are public, personal and social services, the financial sector and transport. Foreign direct investment in these three sectors amounts to more than $ 211.1 million - about 75.1 percent of all investments.
There is also growing interest in hotels and restaurants ($ 25.4 million), the processing industry ($ 21 million), communications ($ 10.2 million), the mining industry ($ 8.4 million), construction ($ 8.3 million), agriculture ($ 3.4 million) and other areas.
1 USD = 2.77 GEL on June 19