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Khatia Udesian, Dali Sologashvili: Analysis of direct foreign investments in Georgia

Chart N7 The largest direct foreign investments in Georgia from EU countries
(2013-2023 years, thousands US dollars)

3.000.000

2.500.000 2.385.293

thousands US dollars 2.000.000

1.500.000

1.000.000
744.689
602.774
416.494
500.000 353.704
261.147
157.304 119.771 115.403
-

Source: Compiled by the author. The data of the National Statistical Service of
Georgia are used (National Statistical Service of Georgia, Foreign Direct
Investments 2024)

3.2 times less investment than the Netherlands came from Luxembourg - 744,689
thousand US dollars, followed by the Czech Republic, Spain, Malta, Ireland,
Germany, Austria and Spain.

Despite the high volume of direct foreign investments in Georgia, investment based
on effectiveness is in short supply. The advantages of such investments are the inflow
of technology and knowledge, the growth of added value and exports, the
diversification of exports, the improvement of the country's competitiveness and the
qualification of the workforce (World Bank 2016)

CONCLUSION AND RECOMMENDATION
Georgia is a truly European state with its own culture, ancient history and civilization.
Regardless of the candidate status, it is incumbent on Georgia to show a clear
commitment to the values of the European Union, continue to carry out reforms and
irreversibly fulfill the obligations specified in the European Commission's report.
Georgia should not lose the historical chance, which means joining the European
family.

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