About investments in 2009
By Messenger Staff
Tuesday, January 20The National Bank of Georgia has carried out research among 119 domestic and foreign companies active in Georgia and collected data on the quantity of direct investment Georgia can expect to see in 2009. This showed that a little bit more than USD 800 million will be invested in Georgia directly.
This figure is based on prognoses and might vary according to the situation of each distinct project. Georgia is nevertheless projected to have 60% less direct investment in 2009 than in 2008. The instability in the country which began in November 2007, compounded by the August 2008 Russian aggression, has scared away investors and the world economic crisis is deteriorating the situation even more.