Azerbaijan emerges as largest FDI investor to Georgia

Baku. 9 December. REPORT.AZ/ Foreign direct investments (FDI) in Georgia amounted to USD 489 million in Q3 2015 (preliminary data) down 33 percent from the adjusted data of Q3 2014 and up 38 percent from the preliminary data of Q2 2015. Report informs referring to the National Statistics Office of Georgia, the total value of FDI in the first nine months of 2015 amounted to USD 1019 million, 17 percent less compared to the adjusted data of the same period of the previous year.

Azerbaijan's share in FDI is 35% and by 21 percentage points ahead of its closest rival.

According to the data, the volume of investments to Georgia from Azerbaijan in Q3 2015 increased by 13 million USD compared to Q2, and also went up by 57.3% or by 63 mln USD compared to the same period last year and reached 173 million USD.

Netherlands is second with 55 mln USD, Turkey takes third place 43 mln USD.Russia ranked in last place with (9 mln USD.