ECONOMY

Minister of Economy: Confidence of investors in Georgia’s economy is growing

16.12.19 14:00


When we talk about a small country like Georgia, where the dynamics of foreign direct investment is very much dependent on the timeframe for starting or ending a large investment project, it would be most correct and justified to discuss it in the medium term framework, said Minister of Economy and Sustainable Development Natia Turnava.

 

The Minister said it is important that Georgia's FDI share is three times higher than other countries in the region and a number of Eastern European countries.

 

"The recent statistics is very heartening- the results of the 3rd quarter of foreign direct investment, which showed that FDI in Georgia is a double-digit figure and more importantly, the volume of reinvested earnings are practically doubled," said Natia Turnava.

 

According to the Minister of Economy and Sustainable Development, the statistics, presented by her, shows that the confidence of investors in the economy of Georgia “is growing.”

 

 

source: IPN

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