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FDI Rose 11% in Q2 y/y
Civil Georgia, Tbilisi / 14 Sep.'10 / 12:53

Inflow of foreign direct investment grew 11% year-to-year in second quarter of 2010 to USD 196.9 million, according to preliminary figures released by the statistics office, Geostat, on September 14.

FDI for first half of 2010 totaled USD 272.6 mln, down 6.38% year-to-year, according to preliminary figures.

The Netherlands was the largest investor in the second quarter, 2010 with USD 77 million, followed by the United States with USD 42 million; the British Virgin Islands, an offshore financial center, with USD 32 million and Japan – USD 18 million.

The transport and communications sector attracted biggest share of FDI in the second quarter – USD 104.4 million or 53%; followed by industry – USD 42 million or 21% and real estate – USD 33.2 million or 17%, according to Geostat.

FDI in the first quarter of 2010 was USD 75.7 million.

FDI in Georgia fell to USD 658.4 million in 2009, 57.8% down from 2008's USD 1.563 billion.

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