According to the Georgian Statistics Service, results published on
December 14 show that the flow of direct foreign investment into
Georgia in the third quarter of 2010 dropped by 7.3% compared to the
same period last year, reaching $160.4 million, Business Georgia
reports.
Preliminary data shows that the first quarter this year saw only $75.7
million in direct foreign investment, the second quarter – $196.9
million.
Investment in January-September 2010 reached $443 million, which
exceeds the indicators in the same period last year by 6.6%.
The third quarter in 2010 saw more direct investment into Georgia from
the Netherlands - $27.9 million, followed by the USA - $21.6 million,
Russia - $18.6 million, Azerbaijan - $16.2 million and UAE - $13.5
million.
Most of the direct foreign investments - $49.7 million (31%) - went to
the financial sector, followed by transport - $40.5 million (25%),
real estate - $33.6 million (21%) and energy - $16 million (10%).
In an interview on December 13, Georgian Prime Minister Nika Gilauri
said that the indicators of direct foreign investments are “at a good
level”. Direct foreign investments equal to $1 billion or $800-850
million would benefit the Georgian economy in the next year, the prime
minister said.
