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Azerbaijan Georgia's second largest investor

9 June 2014 17:15 (UTC+04:00)
Azerbaijan Georgia's second largest investor

By Jamila Babayeva

Azerbaijan invested $47 million in the Georgian economy in the first quarter of 2014.

This indicator is the second highest among the major investors of Georgia for the reported period, the Georgian National Statistics Office reported.

Netherlands topped the list of investors investing $73 million in the Georgian economy. The United Kingdom is on the third position with $35 million.

Foreign direct investments in Georgia amounted to $260 million in the first quarter of 2014, increasing by 15 percent compared to the same period of 2013.

The largest volume of investment in the economy of Georgia was allocated in financial sector ($89 million or 34 percent of total investments), it is followed by the processing industry ($46 million), and the transport and communication ($44 million) on the third position.

Azerbaijan invested $95 million to the Georgian economy in 2013.

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