Armenian direct investments in Georgia dropped by 52.8% last year to $5.6 million

07.04.2017 16:53
Armenian direct investments in Georgia dropped by 52.8% last year to $5.6 million

YEREVAN, April 7. /ARKA/. Armenia's direct investments in Georgia in 2016 amounted to $5.6 million, by $6.3 (52.8%) million down from the previous year, according to the National Statistics Service of Georgia.

According to Armenian statistics, aggregate Georgian investments in Armenia in 2016 amounted to 1.010 billion drams ($2 million), while direct investments totaled 133.7 million drams ($276,000).

According to Georgia's statistics, with $578.3 million investments, Azerbaijan was the country's largest foreign investor for the second consecutive year in 2016.

Direct investments from Turkey to Georgia last year amounted to $272.3 million, from Russia – to $22.5 million, $13 million worth investments came from Ukraine, $11 million from Iran. Overall, some $1.6 billion came in Georgia last year as foreign investments. -0-


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