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Investment in Georgia Declined by 34% in Q1 2015

According to Geostat’s preliminary data of the 1st quarter of 2015, the volume of Foreign Direct Investments in the country decreased by 34% in comparison with the same period of 2014. This year FDI only amounted to $ 175 million.

During this period, the largest investor has been Azerbaijan which accounts for 34% of total investments, followed by Turkey’s 15%and Russia’s 13%. The largest sectors of the economy  account for 97% of the raised  investments. $146 million  has been invested in transport and communications which is 83% of the total investment.

The second is the construction sector with $24 million; the third is the mining industry with $18 million.  According to the Georgian Statistics Service, in the first quarter of 2015 outflows from the banking sector amounted  to $18 million.