The News in Brief
Wednesday, August 16, 2023
Prepared by Messenger Staff
Geostat: Surge in Direct Foreign Investments in Georgia During 2022
According to verified data from the National Statistics Office of Georgia, the volume of direct foreign investments made in Georgia in 2022 is expected to reach $2,097.9 million USD. This figure is 1.7 times higher than the corresponding indicator in 2021 and 4.9 percent higher than the preliminary data for 2022.
Geostat reports that reinvestment accounted for 65.7 percent of the total foreign direct investments in 2022.
The primary direct investors were the United Kingdom ($437 million), Spain ($360.5 million), and the Netherlands ($196.2 million).
The combined share of the two largest investor countries in the total volume of foreign direct investments, based on the adjusted data for 2022, amounted to 38.0 percent.
Regarding the distribution of investments, the largest share originates from financial and insurance activities ($538.0 million USD) and real estate ($366.5 million USD).
Activists Report Two Arrests During August 14th Protest Rally
On August 14th, participants of the rally were protesting against statements made by representatives of the government team regarding the Shovi tragedy. They believe that both the chairman of the ruling party, Irakli Kobakhidze, and the Minister of Internal Affairs, Vakhtang Gomelauri, should resign due to these statements.
Shortly after the rally began, the police arrived on the scene. Law enforcement officers demanded that the protestors remove the posters attached to the fence around the chancellery. However, the protestors refused to comply. In a tense moment, one of the activists was holding a poster in their hand. A policeman approached the activist and forcibly pulled and tore the poster away from their hand.
Activists have reported that two individuals were arrested during the incident.
Geostat: Surge in Direct Foreign Investments in Georgia During 2022
Geostat reports that reinvestment accounted for 65.7 percent of the total foreign direct investments in 2022.
The primary direct investors were the United Kingdom ($437 million), Spain ($360.5 million), and the Netherlands ($196.2 million).
The combined share of the two largest investor countries in the total volume of foreign direct investments, based on the adjusted data for 2022, amounted to 38.0 percent.
Regarding the distribution of investments, the largest share originates from financial and insurance activities ($538.0 million USD) and real estate ($366.5 million USD).
Activists Report Two Arrests During August 14th Protest Rally
Shortly after the rally began, the police arrived on the scene. Law enforcement officers demanded that the protestors remove the posters attached to the fence around the chancellery. However, the protestors refused to comply. In a tense moment, one of the activists was holding a poster in their hand. A policeman approached the activist and forcibly pulled and tore the poster away from their hand.
Activists have reported that two individuals were arrested during the incident.