Georgian Third-Quarter Foreign Investment Rises 66% on Year

Dec. 12 (Bloomberg) -- Georgia’s third-quarter foreign direct investment rose 66 percent from a year earlier to $266 million, the National Statistics Office in Tbilisi said on its website.

The government expects FDI flows to reach $1 billion this year after investment shrank 65 percent in the past two years, Economy Minister Vera Kobalia said in an interview this month.

The Netherlands, the U.S. and Turkey topped the list of the largest foreign investors in the third quarter, mainly in energy, manufacturing and financial investments, the statistics office said.

--Editor: Alan Crosby

To contact the reporter on this story: Helena Bedwell in Tbilisi at hbedwell@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net