Western investment activity in Georgia has declined, while interest from Eastern investors has increased, according to Kakha Sharabidze, founder and managing partner of legal and business advisory firm BLB.
Sharabidze told BM.GE that, based on his firm's experience, investment flows from Europe and the United States have weakened in recent years, particularly in the private sector. He said investors increasingly consider a country's political path when making investment decisions.
“Georgia’s investment landscape has changed. We see significantly less activity from Western companies and a gradual shift toward investors from the East,” Sharabidze said, noting that the trend may not apply equally across all sectors.
His comments follow the release of Geostat’s preliminary data showing that Georgia’s foreign direct investment (FDI) rose by 47.7% year-on-year to $271.2 million in the first quarter of 2026. However, the statistics indicate that reinvested earnings remain the largest component of FDI, while new investment projects continue to account for a limited share of total inflows.
