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The Netherlands was Georgia’s major foreign direct investor
country in the first quarter of this year with $239.6 million,
followed by Japan with $63.2 million and the United States with
$54.7 million, the National Statistics Office of Georgia reported
in its latest figures on Friday, Azernews reports, citing
Agenda.ge.
The largest share of the FDI was registered in manufacturing,
where the figure reached $226.3 million, as well as in trade ($90.7
million) and transport ($43.3 million).
Overall, foreign direct investments in Georgia totalled $496.6
million in the first quarter, down 13.7 percent compared to the
same quarter of 2022 and up 53.3 percent from the data of Q4
2022.
Georgian Deputy Economy Minister Irakli Nadareishvili said the
growth of foreign direct investments was the result of the
investment environment the Georgian Government and Georgian
business had been creating in recent years.
Georgia maintains a particularly high rate of foreign direct
investment – in the first quarter of 2023, the inflow of foreign
direct investment to Georgia was almost half a billion dollars –
and it should be emphasised that compared to 2019, the period
before the pandemic, this is an increase of almost 56 percent”, he
said.
Nadareishvili highlighted that almost 51 percent of the FDI had
come from European Union member states, a five-fold increase
compared to the figures from 2019.
“This is especially important when Georgia is taking another
important step in terms of both economic and political
rapprochement with the European Union”, Nadareishvili said.
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