09.Dec .2019 14:58

"We Need More Pace" - Soso Pkhakadze about the FDIs

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Soso Pkhakadze, President of the Business Association of Georgia estimates the statistics of FDI in Georgia, which was published today.

Soso Pkhakadze says that more pace is needed to this direction.

“Investment growth is good, but we need more investment and more pace. The government and the business are talking about it and we must do everything possible to make as much investment as possible in the country” , Soso Pkhakadze said.

According to National Statistics Office of Georgia, Foreign Direct Investments (FDI) in Georgia amounted to 417.3 million USD in Q3 2019, up 13.7 percent from the adjusted data of Q3 2018.

Total investment in Georgia totaled 908.9 million USD in 9 months of 2019, which is 17% less than in 2018. The decline is mainly due to the reduction of FDI in the first and second quarters of the year.