Azerbaijan Georgia’s Top Investor in 2016

TBILISI – A report of Georgia’s National Statistics Office (Geostat) says that Azerbaijan is Georgia’s top investor in the third quarter of 2016, and the first and second quarters of the year as well.

Azerbaijan invested $151 million in Georgia's economy in Q3, 2016, which is 15.1 percent less than in the same period of 2015. Moreover, Geostat says Azerbaijan was also the top investor in 2015.

In the Q3, 2016, Azerbaijan’s investments amounted to 33 percent of all investments made in Georgia's economy.

Turkey ranks second in terms of the volume of investments in Georgia in the same period with $111 million (24 percent of all investments) during the reporting period, while Luxembourg ranks third with a total investment of $52 million (11 percent of all investments).

The United States, Czech Republic, the Netherlands, China, Japan, Panama and Cyprus are also on the list of Georgia’s main investors in Q3, 2016.

Overall, in the nine months of 2016 Azerbaijan invested $434 million in Georgia, which is 9.6 percent more than in the same period of 2015.

In total, $463 million was invested in Georgia’s economy during the reporting period, which is 4.1 percent less than in Q3, 2015.

Geostat says the largest amount of direct foreign investments (FDI) was implemented in the transport and communications field- $140 million -which amounted to around 30 percent of total FDI.

In the second place is investment in the construction business at $69 million, followed by investments in the processing industry at $62 million.

 By Thea Morrison