Foreign direct investment in Georgia rises 6.7%
2012-09-11 17:58:05
Foreign direct investment (FDI) in Georgia grew 6.7% year-on-year in H1 2012 to $488.8 million, the National Statistics Service said.
Most of the FDI - $106.5 million or 21.8% of the total - went into the manufacturing industry.
The financial industry received $81.1 million FDI, 16.6% of the total, energy - $93.2 million (19.1%) and transport and communications - $96.2 million (19.7%).
Germany provided the most FDI with $135.3 million or 27.7% of the total in H1 2011, followed by Turkey - $43.1 million or 8.8% and Azerbaijan - $40.7 million or 8.3%.
FDI by Russia fell 73.7% year-on-year to $7.9 million or 1.6% of all investment.
The government is expecting over $1 billion in FD this year. FDI rose 37.3% in 2011 to $1.117 billion.