Georgian media, citing the announcement of Vera Kobalia, Minister of Economy and Sustainable Development of Georgia, reports that Georgia is expected to receive more than 1 billion dollar investment before the end of the year.
According to her , investments for the year 2011 exceeded 1 billion dollars, during the first quarter investment amount exceeded 250 million, which is 20% more compared to the last year. “This is a very good indicator; it shows that situation is good in terms of investment.” said Kobalia.
The source informs that according to data, presented from World Economic Forum (WEF), Georgia ranks in 77th place(compared to last year’s report, Georgia has improved its position by 11 places), out of 144 countries, in the ranking of competitive economies in the world for 2012-2013.
Switzerland is leading the list and is followed by Singapore, Finland, Sweden, the Netherlands, Germany, USA, United Kingdom, Hong Kong and Japan.
Armenia holds 92th place, Russia 67th place, Ukraine 73th, Moldova – 87.
Note, in calculating the index of competitiveness of each country, the WEF uses 12 key indicators – the quality of institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological level, the volume of the internal market , competitiveness and innovation.
