09.Sep .2019 15:10

FDI has dropped with 54% in Q2 of 2019

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Foreign direct investments (FDI) in Georgia amounted to USD 187.0 million in Q2 2019 (preliminary data), down 53.7 percent from the adjusted data of Q2 2018.  The main reasons for decreasing the FDI included completion of a pipeline project, reduction in liabilities to non-resident direct investors and reduction of the amount of reinvestment.

The main reasons for decreasing the FDI included completion of a pipeline project, reduction in liabilities to non-resident direct investors and reduction of the amount of reinvestment, announces Geostat

In particular, FDI by major economic sectors was the following:

Energy sector - $63.7 million
The manufacturing sector - $38.4 million
The hotels and restaurants - $28.1 million
The share of FDI by three major economic sectors reached 69.6 per cent in Q2 2019.

The top three countries that invested the most in Georgia in Q2 of 2019 were:

Netherlands – 31.1%
Turkey – 19.2 %
The United Stated – 14.7%