(MENAFN- AzerNews) By Amina Nazarli
Azerbaijan has once again becomeGeorgia's top investor, show the latest data from the National StatisticsOffice of Georgia.
Azerbaijan invested $224.2 million in the neighboring country in the first half of 2017.
The volume of investments invested by Azerbaijan fell by 20.3 percent in comparison with the same period of the previous year.
In general, Azerbaijan accounts for 36.6 percent of foreign direct investment invested in the Georgian economy.
Along with Azerbaijan, among the major investors in Georgia are the Netherlands (12.4 percent) and Turkey (11.3 percent).
Investments were invested in the sectors of transport and communications, energy, construction of hotels and restaurants and real estate.
Azerbaijan and Georgia are successfully cooperating in the political, economic, scientific, technical, and cultural spheres. The two countries are connected by several important regional projects, including the Baku-Supsa, Baku-Tbilisi-Ceyhan oil pipelines, Baku-Tbilisi-Erzurum gas line and Baku-Tbilisi-Kars railway.
Azerbaijan mainlyexportspetroleum, petroleum oils and gases, gypsum, anhydrite, plaster and other products to Georgia, while motor cars, live bovine animals, bars and rods of iron, as well as cement, make up the majority of importedgoods from Georgia to Azerbaijan. M
Moreover, Azerbaijan's state oil company SOCAR is deeply involved in the energy market in the neighboring South Caucasus republic.
--
Amina Nazarli is AzerNews' staff journalist, follow her on Twitter: @amina_nazarli
Follow us on Twitter @AzerNewsAz
MENAFN0809201701950000ID1095834364
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.