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TBILISI: More FDI In Azerbaijan, Armenia Than Georgia

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  • TBILISI: More FDI In Azerbaijan, Armenia Than Georgia

    MORE FDI IN AZERBAIJAN, ARMENIA THAN GEORGIA

    The Messenger
    Feb 23 2012
    Georgia

    Although the rate of foreign direct investment (FDI) into Georgia
    has increased year-over-year, it still lags behind neighbouring
    Caucasian countries.

    In 2011, Azerbaijan received more than $3 billion USD in FDI. Within
    this amount, $1.4 billion came from the UK. Substantial investment
    also came from the United States, the European Bank for Reconstruction
    and Development, and the Asian Development Bank. That same year,
    Armenia received more than $1 billion USD.

    Georgia's National Statistics Office has so far not revealed the
    final FDI figures for 2011. For the first three quarters of the year,
    Georgia accumulated $643 million USD.

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