BAKU, Azerbaijan, March 11
By Tamilla Mammadova – Trend:
The foreign direct investments (FDI) in Georgia amounted to $616.9 million in 2020, down 52.9 percent from the same period of the previous year, Trend reports via the National Statistics Office of Georgia (Geostat).
Transferring of ownership from non-resident to the resident units in several companies is considered to be the main reason for the decline of FDI which reduced the value of foreign direct investments by
$340.5 million.
The shares of major foreign direct investor countries in FDI stand as follows: The United Kingdom (49.9 percent), Netherlands (27.9 percent), and Turkey (17.5 percent).
The share of three major economic sectors in FDI reached 93 percent in 2020. The largest share of FDI was registered in the financial sector, totaling $400.3 million. The mining sector was the second with $101.5 million, followed by the real estate sector with $71.8 million.
Foreign direct investments in Georgia amounted to 4102.8 million in 4Q2020. Transferring of ownership from non-resident to the resident units in several companies is considered to be the main reason for the decline of FDI which reduced the value of foreign direct investments by $294.6 million.
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