Georgia attracts $322.6 mln in foreign direct investments
By Trend
Foreign direct investments (FDI) in Georgia amounted to $322.6 million in the third quarter (Q3) of 2018 as shown by preliminary data published by the National Statistics Office of Georgia (Geostat), Trend reports referring to Agenda.ge.
Q3 FDIs were down by 48.2% compared to the adjusted data for Q3 of 2017.
The main reasons for the decrease in FDIs is the completed pipeline project, transferring of ownership in some companies from non-resident to resident units and reduction of liabilities to non-resident direct investors”, said Geostat.
- The Netherlands (15.4%)
- Korea (12.5%)
- Azerbaijan (10.3 %)
The share of FDI by the three major economic sectors reached 48.8% in Q3 2018, allocated in:
- Manufacturing, reaching $56.5 million
- Transports and communications, reaching $54.5 million
- Energy, reaching $46.3 million
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!