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Georgian market very small for attracting many investors

By Messenger Staff
Thursday, December 23
Beginning from 2008 there has been a negative trend of decreasing investments in Georgia. For example, in 2007 foreign direct investments in Georgia were over 2 bln USD, in 2009 it was only 660 mln USD. We can expect that this year's figures will be hardly more than the previous. Professor of economy Nodar Khaduri believes that Georgia is a country with a limited economy and it is therefore less attractive for investors. According to the preliminary estimation in 2010, Georgian GDP will be around 20 bln GEL but this is not a very attractive figure since the average Georgian citizen annually spends around 2600 USD. Armenia has a better situation, while in Azerbaijan the situation is much better than in Armenia.