IN Q2, FDI OUTFLOW IN GEORGIA AMOUNTED TO $61.1M
Sakstat reported that in the 2nd quarter, negative showing of foreign direct investments (FDI) in Georgia totaled to $61.1 million. In the same period of last year, the negative showing made up $46.9 million (respectively, year-on-year growth made up 30.3%).
IN Q2, LARGEST FDI IN GEORGIA WAS MADE IN FINANCIAL SECTOR
Sakstat reported that in total volume of foreign direct investments (FDI) in Georgia for the 2nd quarter ($234.2 million), share of 3 sectors made up 82.7%.
The largest FDI were made in financial sector, which accounted for 35%, or $82 million.
IN Q2, UK, NETHERLANDS AND CZECH REPUBLIC WERE LEADERS IN TERMS OF FDI IN GEORGIA
Sakstat reported that in the total volume of foreign direct investments (FDI), made in Georgia in the 2nd quarter ($234.2 million), more than half, or $139.4 million, arrived from 3 countries.
The first position is occupied by the UK, which accounts for 32.9% of the total volume, or $77.1 million.
ISSUE OF DIRECT FLIGHTS BETWEEN GEORGIA AND PORTUGAL IS BEING CONSIDERED
Georgian Ministry of Economy and Sustainable Development reported that during a working visit to Portugal, Deputy Minister Mariam Kvrivishvili met with management of the state-owned flag carrier airline of this country, TAP Air Portugal.
At that meeting, Kvrivishvili put forward an initiative to launch direct flights between Tbilisi and Lisbon.
“TI GEORGIA”: IN 6 MONTHS, 89.3% OF PLANNED VOLUME WAS SPENT FROM THE STATE BUDGET ON PROGRAMS RELATED TO COVID-19
TI Georgia, Georgian branch of Transparency International, reported that in 6 months of this year, 822 million lari was spent from the state budget on new programs in connection with COVID-19, making up 89.3% of the planned volume.
Georgia’s state budget for 2021 envisages he pandemic-related programs in 3 directions (healthcare, social assistance and business subsidies), which total cost for 6 months makes up 921 million lari.
AGRICULTURE MINISTRY: VOLUME OF GRAPES, PROCESSED IN KAKHETI, ALMOST 4 TIMES EXCEEDS LAST YEAR’S SHOWING
Georgian Ministry of Environmental Protection and Agriculture reported that 58,000 t of grapes were processed in Kakheti (the main wine-growing region in Georgia) as of September 9. If compared with the same period of 2020, the volume has increased 4 times, the Ministry noted.