Georgia expects $1 billion of foreign investment

Foreign investment in Georgia totaled $230 million in the first quarter of 2012, Prime Minister of Georgia Nika Gilauri said at a cabinet meeting on Wednesday.

Gilauri noted that it's a 32 percent increase compared to the same period in 2011.

"Then Georgia received $174 million, so the growth is significant," Gilauri said.

The prime minister said the investments will be directed to build new enterprises, which will increase employment rates in the country.

"Our government is doing everything possible to solve the country's main problem - the problem of unemployment" he said.

Gilauri expressed the hope that the volume of foreign investments will reach $1 billion by the end of the year.


/Trend/