Foreign direct investment in Georgia rises 6.7%

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Sept. 11, 2012, 12:23 p.m. | Russia and former Soviet Union — by Interfax-Ukraine

Foreign direct investment in Georgia grew 6.7% year-on-year in H1 2012 to $488.8 million.

TBILISI - Foreign direct investment (FDI) in Georgia grew 6.7% year-on-year in H1 2012 to $488.8 million, the National Statistics Service said.

Most of the FDI - $106.5 million or 21.8% of the total - went into the manufacturing industry.

The financial industry received $81.1 million FDI, 16.6% of the total, energy - $93.2 million (19.1%) and transport and communications - $96.2 million (19.7%).

Germany provided the most FDI with $135.3 million or 27.7% of the total in H1 2011, followed by Turkey - $43.1 million or 8.8% and Azerbaijan - $40.7 million or 8.3%.

FDI by Russia fell 73.7% year-on-year to $7.9 million or 1.6% of all investment.

The government is expecting over $1 billion in FD this year. FDI rose 37.3% in 2011 to $1.117 billion.

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