There still remains quite a bit of uncertainty with regards to the large port project but I don’t think the developments itself and perhaps the postponement of that project is risk to the FDI outlook for Georgia – this is what Associate Director at Fitch Ratings Kit Yeung told Elene Kvanchilashvili for The Checkpoints in an interview, which will be streamed next Sunday on BM.GE.
According to Fitch Ratings, the fact that the project is being postponed could be considered as a negative outlook, but certainly not a risk to Georgia’s business environment.
As Kit Yeung told The Checkpoints, Fitch Ratings on aggregate expects lower inflow of FDI in the country this year relative to last year due to weaker external environment; however, “going forward Fitch does see relatively strong recovery and FDI inflows around 4.8% of GDP next year, which should provide a relatively good coverage for the current account deficit which we expect to narrow next year” – Associate Director at Fitch Ratings stated.
Georgia attracted 1.3 billion USD through FDI in 2019. FDI in Georgia shrank by -41.7% YoY to USD 165.4 million in the Q1 2020. In Q2 2020 it reached USD 237.8 million up 0.5 per cent from the adjusted data of Q2 2019. “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” – Minister of Economy and Sustainable Development Natia Turnava stated after the official figures were released.
See all the news
როგორ მოხვდა 17 წლის ანასტასია ლელაძე ჰარვარდში? - ანასტასია ლელაძე ქალების ნარატივში
"Literally the whole village was waiting for the first harvest of strawberry" - Kvitsiani family from Svaneti
Putin imposes visa restrictions on citizens from 'unfriendly' countries
BMG-ს მედია რუბრიკა: #პროფესიონალი - გიორგი მიქაია
Business Leaders Council by USAID and Georgian Business
ბინების ქირის ფასი 50%-მდე გაიზარდა
"Today we are all Ukrainians"- Zurab Pololikashvili
Tourism is the main bridge for building understanding - ZURAB POLOLIKASHVILI
FAQ’s and Analysis on Lari & FDI - Interview with Fady Asly
მინერალური და მტკნარი წყლის ფასები ქართულ ბაზარზე
China continues to push competitors out of the global walnut market
Moscow to Host First Meeting of Turkish & Armenian Special Envoys on Jan 14
Scientists Discover New Part of the Human Body
Turkey's Exports Soar by 33.7% to $21.5B in November
რა ხდება საკაბელო პროდუქციის ბაზარზე?
საქმის კურსი - 16.12.2021 - ღამის კოლაჟი
საქმის კურსი - 16.12.2021_17:40 / გადაცემა სრულად
#COVID19-ის ახალი შტამი: #ომიკრონი - რა სიმპტომები აქვს “ომიკრონს”?
#ForbesTalks: Interview with Oleg Ossinovski / ინტერვიუ ოლეგ ოსინოვსკისთან