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Armenians invested $40 million in Georgia in five years

Armenians invested $40 million in Georgia in five years

PanARMENIAN.Net - Direct investments from Armenia into the Georgian economy amounted to some $40 million in 2012-2016.

As Georgia’s national statistical service reports, the volume of Armenian investments culminated in 2014 when $12.6 million were spent overall.

Furthermore, investments worth $5.9 million were registered in 2012, $3.7 million in 2013, $12 million in 2015 and $5.6 million in 2016.

A total of $1.68 billion worth investments were made in 2016 in Georgia, with those from Azerbaijan and EU countries accounting for $578 million and $471 million, respectively.

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He said that his government would also focus on fighting corruption and "eliminating all barriers that impede business from developing".
“We have a simple problem:we prepare 400-500 specialists each year, while there is demand for 2000 professionals," he said.
At Shirak airport in the northern Armenian town of Gyumri, traffic soared by 150% in the reporting period against 2016.
“The investments will be spent to build a canning factory and slaughterhouses, expand greenhouse farms,” Ignati Arakelyan said.
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