Foreign investments decrease
By Messenger Staff
Monday, June 22Direct foreign investments in Georgia in the first three months of 2009 were worth USD 124.7 million. Last year in same period they amounted to USD 537.6 million.
This decrease is most visible in the transport, communications and banking sectors. The biggest investor in 2009 so far is the UAE, which has brought USD 50.1 million into Georgia, followed by the UK with USD 23.7 million, then Turkey with USD 21.1 million, the Netherlands with 19.3 million, Japan with USD 12.3 million, the Virgin Islands with 9.9 million, Panama with 9.1 million, Cyprus with 3.2 million and Sweden with USD 3 million.
Due to the August war and world crisis investments are still going down. In 2007 direct foreign investment was worth over USD 2 billion. In 2008 it was USD 1.5 billion. In 2009, after a budget correction, Georgia expects 1.2 billion.