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International Organisations were the Largest Investors in Georgia during the Third Quarter

Published: December 10, 2013 | 8:12 am
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According to Sakstat’s preliminary data, $239 million’s worth of direct foreign investment has been conducted in Georgia during the third financial quarter this year, which is 3% more than during the first two quarters of this year, and 20% above the figure for the first three quarters of 2012. A total of $551 million’s worth of direct foreign investment has come into Georgia during the first three quarters of 2013. Of these, $312 million were used to reduce the debts towards the investors.
The largest amount of investment during the third quarter was conducted by international organisations at $50 million, followed by the United States at $35 million, Turkey and the Netherlands at $31 million each, the United Kingdom and Malta at $29 million each, and the United Arab Emirates at $24 million. Other countries’ share of direct foreign investment in Georgia during the third quarter was $9.3 million, which is the lowest quarterly figure since 2011. Before now, the amount of direct foreign investment in the country in the said category only fell below the $100 million mark once since 2011 – during the third quarter of 2012, it amounted to $33 million.
The largest share of foreign investments during the third quarter of this year was taken up by the financial sector – $48 million, or 20% of the total investments, followed by the transport and communications sector at $47 million and the energy sector at $33 million.

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