The National Statistics Office of Georgia (Geostat) published a report on Foreign Direct Investments (FDI). According to preliminary data, FDI in Georgia amounted to USD 1.242 billion in 2021, 2.1 folds up compared to the pandemic 2020.
According to Geostat, the increase in the preliminary data was due to the adjustment of the reinvestment indicators. The volume of reinvestment in total investments amounts to USD 769.9 million, which is 62% of the total portfolio.
Former Deputy Minister of Economy Ketevan Bochorishvili considers that investments from old companies are good, but attracting new investors is vitally important.
"It is necessary to analyze whether new faces are entering the country because this indicates how actively we are working in this direction. The largest share of investments comes from reinvestment, and this is good, but we do not see new faces, new investments and new countries. We must work in this direction.
In the current situation, we have a very big perspective worldwide, because the enterprise chain is being created according to the regions. In this case, showing the relevance of our role is very important. For example, we should see big investments in logistics, warehousing and energy sectors.
However, there are great challenges in the world and companies are actively looking for new investment opportunities. Here we should try to present our capabilities with the partner countries in a positive way.
We can attract investors from nowhere. Specific projects are to be developed. Attracting investments should be a daily agenda. We need to have a vision, and if we show investors our goals and plans for the next 5-10 years, it will help attract new investments," she says.
