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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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