Trade and Renewable Energy – what the Investor Council discussed in Georgia
The main topic of the Investors' Council was the issue of promoting international trade and stimulating the development of the renewable energy sector in Georgia.
The Investor Council was held with the participation of the Prime Minister of Georgia, the British Ambassador and the Regional Director of the European Bank for Reconstruction and Development (EBRD) in the Caucasus.
At the meeting, the investment prospects of the country were discussed and ways to solve existing problems were discussed.
The conversation touched upon the current and planned major economic projects that the government's economic team is working on behalf of the Prime Minister.
As the Prime Minister noted, the Georgian government is actively working to improve the investment environment and welcomes the support of partners in this direction.
According to the National Statistics Service of Georgia " Geostat", the volume of foreign direct investment in Georgia in the first quarter of 2023, according to preliminary estimates, decreased by 13.7% compared to January-March 2022 and amounted to 496.6 million dollars.
Against the background of the coronavirus pandemic, the volume of foreign direct investment in Georgia in 2020 decreased by 57.2% compared to 2019 and amounted to 572 million dollars.
Already in 2021, the volume of investments doubled and amounted to $ 1.2 billion. Spain, Great Britain, Turkey, China, the Netherlands and the USA became the leaders in investing in Georgia during the reporting period.
As for 2022, their volume amounted to $ 2 billion, which is 61.1% more than in 2021.
According to statistics, investments in the first quarter of this year increased by 53.3% compared to the fourth quarter of 2022.
The most popular sectors for investment in Georgia in the first quarter of 2023 were manufacturing, trade, transport, information and communication, as well as energy.
Investments were also invested in construction, art, recreation and entertainment, financial and insurance activities, professional and medical activities, as well as hotels and restaurants.
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Trade and Renewable Energy – what the Investor Council discussed in Georgia
The main topic of the Investors' Council was the issue of promoting international trade and stimulating the development of the renewable energy sector in Georgia.
The Investor Council was held with the participation of the Prime Minister of Georgia, the British Ambassador and the Regional Director of the European Bank for Reconstruction and Development (EBRD) in the Caucasus.
At the meeting, the investment prospects of the country were discussed and ways to solve existing problems were discussed.
The conversation touched upon the current and planned major economic projects that the government's economic team is working on behalf of the Prime Minister.
As the Prime Minister noted, the Georgian government is actively working to improve the investment environment and welcomes the support of partners in this direction.
According to the National Statistics Service of Georgia " Geostat", the volume of foreign direct investment in Georgia in the first quarter of 2023, according to preliminary estimates, decreased by 13.7% compared to January-March 2022 and amounted to 496.6 million dollars.
Against the background of the coronavirus pandemic, the volume of foreign direct investment in Georgia in 2020 decreased by 57.2% compared to 2019 and amounted to 572 million dollars.
Already in 2021, the volume of investments doubled and amounted to $ 1.2 billion. Spain, Great Britain, Turkey, China, the Netherlands and the USA became the leaders in investing in Georgia during the reporting period.
As for 2022, their volume amounted to $ 2 billion, which is 61.1% more than in 2021.
According to statistics, investments in the first quarter of this year increased by 53.3% compared to the fourth quarter of 2022.
The most popular sectors for investment in Georgia in the first quarter of 2023 were manufacturing, trade, transport, information and communication, as well as energy.
Investments were also invested in construction, art, recreation and entertainment, financial and insurance activities, professional and medical activities, as well as hotels and restaurants.
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