Georgia forecasts $1.15 bln foreign direct investment in 2014
TBILISI. Dec 19 (Interfax) - Foreign direct investment in Georgia is forecast at around $1.15 billion in 2014, Georgy Pertaya, the head of the National Investment Agency, told the press Thursday.
"It is difficult to give an exact figure, but based on the trend, we expect investment of between $200 million and $300 million in the fourth quarter," he said.
Therefore, as predicted at the start of the year, foreign direct investment will exceed $1 billion.
"That is quite a good figure, but it is not enough for investment to really be reflected on the economy and reach every citizen. For that we need a minimum of $1.5 billion - $2 billion in foreign investment," Pertaya said.
"If political risks are excluded, Russia could receive $2 billion in foreign direct investment in two years," he said.
Foreign direct investment in January-September 2014 totaled $923.8 million, up 32.5% year-on-year.
Foreign direct investment in 2013 rose by 3.3% to $941.9 million, making up 5.8% of Georgian GDP.
