Azerbaijan second biggest investor in Georgia in 2011

Azerbaijan ranked second for the volume of direct investments in Georgia in 2011, the Georgian statistics body told the Baku-based Trend news agency.

Azerbaijan invested $138 million in the neighboring South Caucasus republic's economy last year, accounting for 12 percent of the total volume of FDI.

The Netherlands was the biggest foreign investor in Georgia in 2011, with $241.8 million invested. It is followed by Denmark with $97.2 million.

Russia invested $55.4 million in Georgia last year.

In total, Georgia received $117 million from investors in 2011, a 14 percent increase compared to 2010.

The largest volume of investments in Georgia accounts for the energy sector -- $204 million. A growing trend of investing in healthcare and the construction sector was observed as well.

FDI in the country totaled 7.8 percent of GDP in 2011, increasing 0.8 percent compared to 2010.