BAKU, Azerbaijan, June 9
By Tamilla Mammadova – Trend:
The total outflow of investments from Georgia was $127 million in 1Q2021, resulting in a difference of $125.4 million between the inflow and outflow, Trend reports via the National Statistics Office of Georgia (Geostat)
Countries with the largest outflow of investment:
● Azerbaijan - $6.24 million;
● Cyprus - $7.75 million;
● Malta - $12.03 million;
● Kyrgyzstan - $24.30 million;
● US - $59.82 million.
According to Geostat, in the first quarter of 2021, the largest foreign direct investment was in the financial sector, reaching $93.9 million, followed by the energy sector with $35.5 million and the manufacturing sector with $27.9 million.
Given that most of the investment was made in the financial sector, with the UK being the leading investor, these investments are likely to be linked to Georgian companies on the London Stock Exchange - Bank of Georgia, Capital Georgia and TBC Bank, which Geostat views as foreign companies because their parent companies are registered in the UK.
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