Home News 70% of Foreign Direct Investments in Georgia accounted for 6 countries in 2006

70% of Foreign Direct Investments in Georgia accounted for 6 countries in 2006


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As the Department of Statistics informs, 70% of total investments amounted for 6 countries in 2006: Azerbaijan, Kazakhstan, Norway, Turkey, the UK and the US.

Total foreign direct investments made up $1.15 billion in 2006, 2.6 times more than showings of 2005 year.

In terms of investment volume, the UK ranked the leading position with $182.1 million; it is 15.87% of total and exceeded last years showings by 37%.

It is followed by the US. The investment volume made up $181.9 million in 2006, 13.3% of total and was 12 times more than figure of 2005.

Kazakhstan comes 3rd – $152.3 million, 13.3% of total. This country did not invest in Georgia in 2005.

Turkish investments made up $127.08 million (11% of total and 6 times more than in 2005), Norway – $76.6 million (6.68% and 3.3 times more), Azerbaijan – $76.5 million (6.67% and 14.36% more).

Leading six in 2005 was as follows: the UK – $132.9 million, Azerbaijan – $66.92 million, Cyprus – $47.5 million, Russia – $38.7 million, Norway – $23.6 million and Italy – $22.8 million.

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