In the second quarter of this year, Azerbaijan directly invested $9.1 million in Georgia's economy, Report informs, citing the National Statistics Office of Georgia.
According to the information, during the same period last year, Azerbaijan withdrew $4 million of investment from the neighboring country.
In the first quarter of this year, Azerbaijan withdrew investment of $7.5 million (31.6% annual growth) from Georgia, and in January-March 2022, the country invested $5.7 million.
Consequently, the volume of investments made by Azerbaijan in the neighboring country in January-June decreased by 5.9% year-on-year to $1.6 million.
In the second quarter, a total of $505.7 million in foreign direct investment were made in Georgia, 29.9% more than in the same period of 2022.
During the reporting period, the major investors of Georgia were the UK ($168.3 million), Türkiye ($71 million), the Netherlands ($62.7 million), Czech Republic ($55.6 million), Malta ($36.7 million), Russia ($28.1 million), the US ($15.5 million), the United Arab Emirates ($11.7 million), Japan ($10.5 million) and Azerbaijan ($9, 1 million).
In the first quarter of this year, Georgia received a total of 566.4 million US dollars, which is 2% less than in the same period of 2022. The total amount of investment made in Georgia in January-June stood at $1.072 billion. Over the past year, the investment attracted by the neighboring country has increased by 10.9%.