Azerbaijan and Turkey together contributed to nearly one half of direct foreign investment in Georgia in 2016, according to figures released this week by the Georgian National Statistics Agency, GeoStat.
According to the figures, Azerbaijan invested USD 558 million dollars in Georgia's economy, and Turkey USD 203.5 million, out of a total direct foreign investment in 2016 of USD 1565.9 million. The other major investors in the Georgian economy was the United Kingdom with USD 118.8 million, and the Netherlands with 97.2 million.
The largest share of FDIs (USD 671.9 million) was in the transport and communications sector, followed by the construction sector (USD 129.5 million) and the financial sector (USD 129 million).
During the meeting, issues related to relations between Armenia and the European Union, and the Nagorno-Karabakh conflict were discussed