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Geostat reveals volume of FDI inflow to Georgian energy sector

Oil&Gas Materials 27 January 2021 12:46
Geostat reveals volume of FDI inflow to Georgian energy sector

BAKU, Azerbaijan, Jan. 27

By Tamilla Mammadova – Trend:

FDI inflow to the Georgian energy sector amounted to $46.38 million during the first three quarters of 2020, Trend reports via the National Statistics Office of Georgia (Geostat ).

With $43.69 million the Netherlands was the top country by FDI volume to the energy sector of Georgia. The record high volume of investments has been shown in 2007 and the sector was the main target of FDI for that time.

The National Statistics Office of Georgia (Geostat) keeps the data of FDI by sector from 2007.

That same year, FDI to the energy sector reached $331.57 million and energy became the top sector by attracted foreign investments.

The volume of FDI to the energy sector of Georgia from 2008 to 2019 was as follows:

In 2008 - $294.86 million,
in 2009 - $2.13 million,
in 2010 - $26.99 million
in 2011 - $212.50 million,
in 2012 - $179.42 million,
in 2013 - $246.09 million,
in 2014 - $190.01 million,
in 2015 - $123.68 million,
in 2016 - $145 million,
in 2017 - $278.97 million,
in 2018 - $122.33 million
in 2019 - $261.55 million.

As for the top investor country to the Georgian energy sector, the data for which is recorded at Geostat from 2009, with $521.44 million (2009-2019). The Czech Republic has been the main investor. The second-largest investor was the Netherlands with $460.74 million (2009-2020).

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