More FDI in Azerbaijan, Armenia than Georgia
By Messenger Staff
Thursday, February 23Although the rate of foreign direct investment (FDI) into Georgia has increased year-over-year, it still lags behind neighbouring Caucasian countries.
In 2011, Azerbaijan received more than $3 billion USD in FDI. Within this amount, $1.4 billion came from the UK. Substantial investment also came from the United States, the European Bank for Reconstruction and Development, and the Asian Development Bank. That same year, Armenia received more than $1 billion USD.
Georgia's National Statistics Office has so far not revealed the final FDI figures for 2011. For the first three quarters of the year, Georgia accumulated $643 million USD.