Azerbaijan invests $482M in Georgia last year

Azerbaijan invests $482M in Georgia last year
  • Clock-gray 09:11
  • calendar-gray 12 March 2018

Azerbaijan invested $482.1 million in Georgia in 2017, down 13.6% from previous year.  


According to National Statistics Office of Georgia, despite the decline, Azerbaijan was number one investor of Georgia.


Azerbaijan’s investments made up 25.9% of total investments in Georgia.


Total direct investments made in Georgia’s economy in 2017 amounted to $1,861,900,000, up 16.2% from previous year.


Azerbaijan is followed by Turkey ($279 milion), Great Britain ($250.4 million), the Netherlands ($224.3 million) and Czech Republic ($133.8 million).


Other news