08.Sep .2020 18:24

“Increase of FDI is the response to those, who declare that investors are fleeing Georgia"

“Increase of FDI is the response to those, who declare that investors are fleeing Georgia"
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The increased rate of foreign direct investment in the second quarter once again proves the fact that despite the pandemic, the Georgian economy is gradually recovering, – Minister of Economy and Sustainable Development, Natia Turnava made this statement during assessing the second quarter foreign direct investment indicators by Geostat.

As Natia Turnava notes, the positive dynamics is taking place against the background of the global pandemic and at a time when international experts predict a 40% drop in investment globally.

“Increase in foreign direct investment once again confirms the effectiveness of our economic and anti-crisis policy and this is the response to those, who declare that investors are fleeing Georgia” – Turnava stated.

According to Geostat, the foreign direct investments (FDI) in Georgia amounted to USD 237.8 million in Q2 2020 (preliminary data), up 0.5 per cent from the adjusted data of Q2 2019.