Wednesday, August 25, 2010

Georgia : Revised 2009 FDI Figures ($100 million worse than they thought)

Source: Civil Georgia   

Foreign direct investment in Georgia fell to USD 658.4 million in 2009, 57.8% down from 2008's USD 1.563 billion, according to final data released by Georgian statistics office, Geostat, on August 24.

According to preliminary figures released by Geostat in March, 2010, last year's FDI was USD 759.1 million. Geostat attributes revision of figure to factors like, among others, transfer or sale of shares from non-resident to residents, as well as to cases of reclassification of non-residents into residents.

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