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Georgia sees decrease in foreign direct investments in H1

Georgia Materials 10 September 2014 11:54 (UTC +04:00)

Tbilisi, Georgia, Sept. 10

By Nana Kirtzkhalia - Trend:

The volume of foreign direct investments in Georgia amounted to $415.8 million in the first half of 2014, which is 9.6% less than in the corresponding period last year, Gruzstat statistics office of Georgia told Trend Sept.10.

In the second quarter of 2014, foreign direct investments amounted to $150.5 million, which is 27.6% less compared to the same period of the previous year. In the first quarter of 2014, the figure was $265.3 million.

A leak of $127 million from the financial sector was fixed despite the fact that the transport and communications sectors, as well as the processing industry, energy, real estate, construction, mining and agriculture sectors attracted foreign direct investment of $282 million in the second quarter. Dollars, which is 41.7% more compared with the corresponding period, according to preliminary data.

In the second quarter of 2014 the largest investments were recorded in the transport and communications sector - $101 million; followed by the processing industry - $58 million; energy sector - $45 million; real estate - $41 million; construction - $21 million; mining - $11 million; agriculture - $5 million.

In the second quarter of 2014 the largest share of foreign direct investments accounted for the companies registered in the Netherlands - $93 million; Azerbaijan - $7 million; Luxembourg - $48 million; Turkey - $25 million; Russia - $18 million; United States - $15 million; Cyprus - $11 million; Switzerland - $8 million; China and France - $6 million each.

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