Turkey and Azerbaijan contribute half of Georgia's direct foreign investment in 2016

Azerbaijan and Turkey together contributed to nearly one half of direct foreign investment in Georgia in 2016, according to figures released this week by the Georgian National Statistics Agency, GeoStat.

According to the figures, Azerbaijan invested USD 558 million dollars in Georgia's economy, and Turkey USD 203.5 million, out of a total direct foreign investment in 2016 of USD 1565.9 million. The other major investors in the Georgian economy was the United Kingdom with USD 118.8 million, and the Netherlands with 97.2 million.

The largest share of FDIs (USD 671.9 million) was in the transport and communications sector, followed by the construction sector (USD 129.5 million) and the financial sector (USD 129 million).

source: commonspace.eu

 

 

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Luhansk the first Ukrainian region fully occupied by Russia

Luhansk the first Ukrainian region fully occupied by Russia

A Russia-appointed official in Ukraine’s occupied Luhansk region was quoted by AP on Monday saying that Moscow’s forces have overrun all of it, one of four regions Russia annexed from Ukraine in September 2022. If confirmed, it would make Luhansk the first Ukrainian region fully occupied by Russia after more than three years of war with international peace efforts led by the US failing to make progress on halting the fighting. Russian President Vladimir Putin has effectively rejected a ceasefire and hasn’t budged from his demands, which include Moscow’s control over the four illegally annexed regions. 

Popular

Editor's choice
News
Luhansk the first Ukrainian region fully occupied by Russia

Luhansk the first Ukrainian region fully occupied by Russia

A Russia-appointed official in Ukraine’s occupied Luhansk region was quoted by AP on Monday saying that Moscow’s forces have overrun all of it, one of four regions Russia annexed from Ukraine in September 2022. If confirmed, it would make Luhansk the first Ukrainian region fully occupied by Russia after more than three years of war with international peace efforts led by the US failing to make progress on halting the fighting. Russian President Vladimir Putin has effectively rejected a ceasefire and hasn’t budged from his demands, which include Moscow’s control over the four illegally annexed regions.