26.Mar .2020 18:34

FDI in the mining sector increased by 9.5% in 2019

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In 2019, foreign direct investment in the mining sector increased by 9.5% to $ 68.7 million (2018 - $ 62.2 million).

According to preliminary data requested by BM.GE from Geostat, the Netherlands was most interested in investing in the mining sector last year.

TOP-10 Investor countries are as follows:

1. The Netherlands - $ 64.8 million;
2. US - $ 1.9 million;
3. Virginia K (Brit.) - $ 798.3 thousand;
4. Hong Kong - $ 500.3 thousand;
5. United Kingdom - $ 172.0 thousand;
6. Turkey - $ 114.4 thousand;
7. Bahamas - $ 94.0 thousand;
8. Azerbaijan - $ 24.8 thousand;
9. Ukraine - $ 13.6 thousand;
10. Bulgaria - $ 13.6 thousand.

As for the investor companies that made foreign direct investment in the mining sector last year, are as follows: Branch of Frontera Resources Georgia Corporation in Georgia; Georgia Branch of Caspian Valley Service in Georgia; LLC Gelati 2007; JSC RMG Copper; LLC RMG Gold; JSC Bolnisi Tufi; the branch of foreign enterprise GNV Georgia; branch of Georgia Oil & Gas limited in Georgia; LLC NVP Georgia; VECTRA PETROLEUM LIMITED GEORGIA BRANCH OFFICE.

To note, organizations are not listed by rating.