Government Expects Investment Growth in Election Year
 
News ArchiveMay 30, 2012

 

Georgia’s Prime Minister talks about a sharp increase in foreign investments in the light of electionyear. According to Nika Gilauri, in the first quarter of the current year in total 230 million USD entered the country in the form of direct investments that is by 32% more than last year's same period data. Nika Gilauri states, in the first quarter the lowest rates are generally fixed, which then increase.

In his words, this year the government expects that the rate will increase quarterly, and this year’s direct investments volume will be by one billion dollars more than last year’s.Note: According to the National Investment Agency, government expects total 20% increase of investments.

Source: www.commersant.ge