Georgia Expects $1 Billion of Foreign Direct Investment in 2011
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The Georgian government expects foreign direct investment to double this year, after falling 65 percent the past two years, Economy Minister Vera Kobalia said.
Georgia may receive more than $1 billion of investment, mainly in hydropower projects, Kobalia said in an interview late yesterday in Tbilisi, the capital. Tourism will also lure investors after more than 2 million people visited the former Soviet republic last year, the most since 2003, when President Mikheil Saakashvili took power in the so-called Rose Revolution.