Government hopes for better

The Government hopes that the figures for direct investments from abroad in the fourth quarter of 2008 will exceed those of the third quarter.

In July, August and September the country received only USD 150 million whereas for the same period in 2007 this figure was USD 490 million. The results for the fourth quarter are not available as of yet.

In the third quarter the country received USD 42 million in transport and communications investment, 39 million in services, 26 million in real estate, 11 million in industry, etc. Among the countries investing in Georgia in the third quarter are: Japan USD 35 million, Great Britain 25, Turkey 22, UAE and Azerbaijan 18 each and USA 10.

The Russian invasion and world crisis have been the main factors in the apparent decline in investments.