In the first quarter of 2015 the Georgian economy was invested $ 175 million of direct foreign investment, of which $ 59 million, or 34% falls on the share of Azerbaijan, reported the National Statistics Office of Georgia.
Compared with the same period in 2014 ($ 265 million), direct foreign investment in Georgia fell by a third, while investors from Azerbaijan increased activity compared to the first quarter last year by 25.5%. Thus, Azerbaijan has occupied the leading position in terms of investment in the Georgian economy, ahead of investors from Turkey (US $ 27 million) and Russia ($ 23 million). Investments were directed mainly in the sphere of transport and telecommunications.
According to official data in 2013 and 2014, Azerbaijan invested in Georgia's economy $ 82 million and $ 303 million as direct investment. ----08B
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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