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FDI expectations

By Messenger Staff
Wednesday, May 12
The Georgian authorities have big expectations of attracting FDI into the country. Independent analysts challenge this optimism however, saying that investments in 2009 halved in comparison with 2008 and the same thing is happening this year.

Minister for Economic Development Zurab Pololikashvili says that the decrease in FDI is not only Georgia’s problem and can be observed everywhere. In 2009 Georgia received about USD 760 million, but Pololikashvili points out that it increased quarterly and the highest inflow was in the fourth quarter. The Minister hopes that Georgia’s performance in the international economic ratings, its liberal and open economy and its bilateral agreements and international commitments on protecting and promoting investments will have a positive effect on the investment inflow to the country.