Foreign direct investment in Georgia fell 11.7% year-on-year during the second quarter of 2012 to USD 219.4 million, according to preliminary data released by the Georgian state statistics office, Geostat, on September 10.

Although this second quarter FDI figure is 18.6% decline against the first quarter of 2012, an aggregate FDI for the first six months of 2012, according to preliminary data, stood at USD 488 million, a 6.6% y/y increase.

According to preliminary data, investment from companies registered in the Netherlands made up about 37.2%, or USD 81.7 million, in the second quarter of 2012, followed by the United States (USD 24.8 million) and Azerbaijan (USD 21 million).

Main sectors receiving foreign direct investment in the second quarter were energy (USD 74.9 million), transport and communication (USD 58.1 million), processing industry (USD 42 million) and financial services (USD 18.6 million).