(MENAFN- AzerNews) By Trend
Foreign direct investments (FDI) in Georgia amounted to $322.6 million in the third quarter (Q3) of 2018 as shown by preliminary data published by the National Statistics Office of Georgia (Geostat), Trend reports referring to Agenda.ge .
Q3 FDIs were down by 48.2% compared to the adjusted data for Q3 of 2017.
The main reasons for the decrease in FDIs is the completed pipeline project, transferring of ownership in some companies from non-resident to resident units and reduction of liabilities to non-resident direct investors, said Geostat.
The share of FDI by major foreign direct investor countries allocated as follows:
- The Netherlands (15.4%)
- Korea (12.5%)
- Azerbaijan (10.3 %)
The share of FDI by the three major economic sectors reached 48.8% in Q3 2018, allocated in:
- Manufacturing, reaching $56.5 million
- Transports and communications, reaching $54.5 million
- Energy, reaching $46.3 million
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