Volume of foreign direct investment in Georgia increases
BAKU, Azerbaijan, December 9
By Tamilla Mammadova – Trend:
Foreign direct investment (FDI) in Georgia in the third quarter of 2019 amounted to $417.3 million, which is 13.7 percent higher than in the third quarter of 2018, Trend reports referring to Georgian National Statistics Office (Geostat).
The United Kingdom leads the list of countries in terms of FDI in Georgia with 18.8 percent, followed by the Netherlands with 16.4 percent and Turkey with 10.3 percent.
According to Geostat, more than half of the total investment comes from the reinvestment, amounting to $258.8 million.
Most of the FDI was carried out in the financial sector and amounted to $96 million, or 23 percent of total foreign direct investment.
The second place is occupied by the manufacturing sector with $49.3 million.
The hotel and restaurant sector with $45.7 million ranked thrid.
Total investment in Georgia totaled $908.9 million in nine months of 2019, which is 17 percent less than in 2018. The decline is mainly due to the reduction of FDI in the first and second quarters of the year.
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