Reinvestment Is A Sign Of Investors' Strong Confidence In The Country - Turnava

06:44 Wed, 10 August

GEO

USD

$ 2.7100

EUR

€ 2.7729

GBP

£ 3.2813

RUB

₽ 0.0447

TRY

₺ 0.0015

AZN

₼ 0.0160

Bitcoin

22,878.9000

Ethereum

1,680.6200

Bitchoin Cash

133.6120

Litecoin

58.5730

XRP

0.3640

10.Dec .2021 15:00

Reinvestment Is A Sign Of Investors' Strong Confidence In The Country - Turnava

318

Back

Author:Natia Taktakishvili

The Foreign Direct Investments (FDI) in Georgia amounted to USD 728.4 million in 3Q2021, which was 3.2% more compared to the data of 3Q2020, - the National Statistics Office of Georgia (Geostat) reports. According to the report, USD 613 million or 84% out of the FDI accounted for the reinvestment.

The Minister of Economy Natia Turnava assessed the FDI statistics of 9 months and emphasized that the reinvestment rate has doubled. The Ministry of Economy states that the volume of reinvestment in the third quarter of 2021 doubled amounting to $ 293.3 million.

"This means that a foreign investor who enters Georgia and invests, instead of withdrawing dividends, reinvests in the Georgian economy, expands production, his own business, which is a sign of strong confidence," - said Natia Turnava.

Natia Turnava investors