728x90
Home / Economy / Georgia’s Foreign Direct Investment falls 5.5 pct in H1

Georgia’s Foreign Direct Investment falls 5.5 pct in H1

Foreign direct investment (FDI) into Georgia fell 5.5 percent year on year in the first half of 2017, with Azerbaijan the biggest investor and the transport and communications sectors dominating.

Total FDI in January-June was $751 million, down from $794.4 million in the same period last year, preliminary statistics office data showed on Monday.

FDI in the second quarter of this year was $346.6 million, down from $404.3 million in the second quarter of 2016 and $404.4 million in the first quarter of 2017.

Azerbaijan invested $224.2 million in the first six months of 2017, down from $281.5 million in the same period last year, followed by Turkey with $120.8 million, up from $51.3 million in the first half 2016, and Britain with $111.6 million, up from $98.3 million.

Total FDI in 2016 was $1.566 billion, little changed from 2015.