Investments flow in and out
By Messenger Staff
Thursday, September 2So far Georgia’s investment policy has proved unsuccessful in 2010. Less then USD 100 million in investment entered the country in the first quarter of 2010. Figures for the second quarter have not yet been announced officially and it is unlikely that they will be very cheerful, otherwise we would have been told. In addition some investments are leaving Georgia, returning to the investor countries. In the first quarter of 2010 Kazakhstan withdrew more than USD 14 million of its investment from Georgia. The Virgin Islands also withdrew some investments, together with China. Analysts think that the withdrawal of investments will negatively affect the country’s socio-economic conditions. It is not only money that is lost but the loss of jobs is very serious for the country. Economic analyst Avtandil Silagadze, a minister during the Shevardnadze era thinks that the withdrawal of investment is extremely negative and it should be assessed and analyzed seriously. He also thinks that the national economy should be able to develop on its own, otherwise the withdrawal of any investment will be very hard for the country.