Most of the money in Georgia was invested by the UK, which last year almost did not invest in the country in the third quarter.

The volume of foreign direct investment in Georgia for the third quarter of 2019 increased by 13.7% compared to the updated data for the same period last year and amounted to 417.3 million dollars, according to materials on the website of the National statistics service of Georgia "Sakstat".

The leaders in investing in Georgia from July to September 2019 were the United Kingdom, the Netherlands and Turkey. The share of capital investments of these countries is 189.8 million dollars. This is 45.5% of the total investment.

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Investments also came from China ($30.1 million), the United States ($25.1 million), Japan ($16.2 million), Panama ($15.7 million), Russia ($15.1 million) and other countries.

Where to invest

The most popular sectors for investment in Georgia are the financial sector, processing industry, hotels and restaurants. The volume of revenues in these areas is 191 million dollars – 45.8% of all investments.

Investments also include construction ($43.4 million), energy ($39.7 million), real estate ($30.1 million), mining ($17.5 million), transportation ($11.2 million) and so on.

Investments have declined since the beginning of the year

At the same time, the volume of investments in Georgia from January to September decreased by 17% and amounted to 908.9 million dollars.

The largest investors since the beginning of the year in Georgia were Turkey, UK and USA, and most of all investments has been in energy, hotels and restaurants and the financial sector.

Why has investment declined

The Georgian authorities believe that the decline in investment from abroad is not associated with any fundamental risk or deterioration of the investment environment.

The country's leadership is taking active steps to attract investment in sectors with high added value, which will help accelerate economic growth caused by increased exports and reduce vulnerability to external factors, the Ministry of economy and sustainable development of Georgia explained earlier.

Vice-President of the Association of young financiers and businessmen Paata Bairakhtari believes that Georgia needs to develop and implement an investment policy.

"The reasons are very simple. Will you invest in a country where economic Ministers change four times in two years? No one will. A country whose main resources are water resources, and at the same time it abolishes the Ministry of energy to save some five million, this is not quite right. By this I want to say that the country has no investment policy, " Bairakhtari told Sputnik Georgia.

Sputnik-georgia.ru