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Tuesday, 19 June 2018


Russian companies are investing to Georgia

2011-08-10 17:44

According to the International Crisis Group, Russian investments to Georgia's economy is growing - according to media reports.

International Organization leads the figures showing an increase of investment by Russian companies.

"The flow of Russian investments to Georgia in 2010 increased fivefold compared with the previous year, but it has not reached pre-war levels" - noted the report.

International Organization on August 8 published a report "Georgia-Russia: learning to live as neighbors". The document examined all sides of the Russian-Georgian conflict.

"Because of the war and the international economic crisis, foreign direct investment (FDI) in Georgia in 2010 decreased by 16% compared to 2009. The Russian companies, in contrast, have increased their investments to energy and financial sectors, chemicals, mining , the food industry and in telecommunications. Its amount reached $ 51 million - about 9 percent of all foreign direct investment" - the report said.

"Russia and Georgia have also demonstrated that they can cooperate on practical matters related to transport. After two years, in 2010, direct flights between Tbilisi and Moscow were resumed ... The two governments also continue to enter into agreements in the field of energy" - the report said.

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