Georgia expects USD 1.2 billion in FDI

Georgian senior officials are quite optimistic about attracting foreign investment. Head of the investment agency Irakli Matkava has stated that in 2010 the country is expecting investment of USD 1.5 billion, particularly from Asian countries.

Foreign Direct Investment decreased after the Russian invasion and the subsequent world crisis. At the beginning of 2009 the Georgian Government was equally optimistic, expecting up to USD 2 billion in investments, but less than 1 billion were made. Some analysts think that of course country will receive some investment but as not much as state officials are saying.