Cheerful prognosis from NBG

The National Bank of Georgia is promising that more foreign investment will enter Georgia in 2009. In the second half of 2008 the inflow of investment dramatically decreased due to the Russian aggression and world economic crisis.

The USD 4.5 billion assistance Georgia will receive over the coming three years might rescue the country from the dire situation it has fallen into. The NBG is rather optimistic in this respect too, declaring that these funds will help attract an extra USD 1.7 billion from the private sector. This cheering prognosis is based on research carried out by NBG among over one hundred companies.

In 2009 investment in Georgia will be led by the UAE, USA, China, Great Britain, Czech Republic and Azerbaijan.