Foreign direct investment in the first half of 2011 increased 0.6% year-on-year, reaching USD 377.1 million, according to Georgia’s state statistics agency Geostat.

Geostat said figures “are subject to revision” because they rely on preliminary data. Last month Geostat significantly revised upwards its initial figures for 2010 FDI.

2011 second quarter FDI stood at USD 203.4 million, 17% quarter-on-quarter increase and 2.35% y/y decrease, according to these preliminary figures.

Most of the FDI in the first half of 2011 came from companies registered in Cyprus and the Netherlands USD 57.3 million and USD 44.8 million, respectively; followed by Turkey – USD 35.9 million; UK – USD 32.8 million; Russia – USD 30 million; Azerbaijan – 24.9 million; India – USD 22 million; the U.S. – USD 18.1 million; the United Arab Emirates – USD 17.6 million; Germany – USD 13 million; Kazakhstan – USD 11.7 million.

USD 29.2 million came in first half from companies registered in British Virgin Islands, an offshore financial center and USD 31.6 million is attributed to a category under “international organizations.”

Industrial sector was again the major recipient of FDI in the first six months of this year – USD 112.3 million; followed by financial sector - USD 74.1 million; transport and communication – USD 57.8%; real estate – USD 56 million; construction – USD 26.9 million; restaurants and hotels - USD 12.2 million; healthcare – USD 5 million; agriculture – USD 3.5%.