Since Ivanishvili transferred assets to Cartu Fund, investments from Panama have decreased - IDFI Georgian Dream
Posted: Mon Jan 06, 2025 4:10 am
According to the Institute for the Development of Freedom of Information [IDFI], Georgia is characterized by a high concentration of foreign direct investment [FDI].
According to data from the 3rd quarter of 2024, 88% of FDI comes from just three countries - the Netherlands, the United Kingdom, and Malta.
The Netherlands is in first place with $60.2 million, which is 30.4% of total foreign direct investments, Malta is in second place with $58.3 million (29.5%), and the United Kingdom is in third place with $55 million (27.8%).
In total, in the first 9 months of the year, these three countries Singapore business fax list accounted for 46.4% of the total FDI. It is worth noting that this year, investments from the Netherlands (115 million USD) are 3.3 times lower than last year. Among the Dutch investor companies, there is the company "Borjomi", which is on the list of the largest companies in terms of investment, although the ultimate owner of the company is registered in the Netherlands Antilles, which is considered an offshore zone under Georgian legislation.
According to IDFI, the United Kingdom has been among the leading FDI investors in Georgia for years, driven by investments in the financial and insurance sectors. This is partly due to the fact that official statistics include large Georgian holdings that are also listed on the London Stock Exchange, such as Georgian Capital, the former BGEO Group, whose main investor is the Bank of Georgia Group.
y registered in the United States of America, which owns 49% of the company.
According to data from the 3rd quarter of 2024, 88% of FDI comes from just three countries - the Netherlands, the United Kingdom, and Malta.
The Netherlands is in first place with $60.2 million, which is 30.4% of total foreign direct investments, Malta is in second place with $58.3 million (29.5%), and the United Kingdom is in third place with $55 million (27.8%).
In total, in the first 9 months of the year, these three countries Singapore business fax list accounted for 46.4% of the total FDI. It is worth noting that this year, investments from the Netherlands (115 million USD) are 3.3 times lower than last year. Among the Dutch investor companies, there is the company "Borjomi", which is on the list of the largest companies in terms of investment, although the ultimate owner of the company is registered in the Netherlands Antilles, which is considered an offshore zone under Georgian legislation.
According to IDFI, the United Kingdom has been among the leading FDI investors in Georgia for years, driven by investments in the financial and insurance sectors. This is partly due to the fact that official statistics include large Georgian holdings that are also listed on the London Stock Exchange, such as Georgian Capital, the former BGEO Group, whose main investor is the Bank of Georgia Group.
y registered in the United States of America, which owns 49% of the company.