Azerbaijan invested $20.9 million in Georgia's economy in the first quarter of this year, APA's local bureau reports.
This was stated in the preliminary report on foreign direct investment published by the National Statistics Office of Georgia.
In an annual comparison, the volume of investments decreased by 16.1%. During the reporting period, Azerbaijan ranked fourth among Georgia's top investor countries with a 7.7% share. The top three positions were occupied by the United Kingdom ($52.4 million), the United States ($47.5 million) and the Netherlands ($29.2 million).
In January-March, a total of $271.2 million in foreign direct investment was made in Georgia's economy, which is 47.7% higher than in the same period last year. The sectors attracting the largest amount of investment included finance and insurance, real estate, information and communications, energy, trade, manufacturing, construction, arts, entertainment and recreation, administrative activities, and human health services.
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