Roman Gotsiridze: The decrease of direct foreign investments reaches 64%, which is the result of Georgian Dream’s anti-Western policy
In the first quarter of 2024, the decrease of direct foreign investments reaches 64%, which is the result of the anti-Western policy of the Georgian Dream - the change of the Western course and the move towards Russia is an alarming signal for Western partners and investors, - the opposition member of the Parliament Roman Gotsiridze said.
As Gotsiridze explained, the alarming rate of decline of direct foreign investments has not started yet.
According to him, this trend became evident last year, when in 2023, compared to 2022, direct foreign investments decreased by 500 million dollars, or by 24%.
"This indicator also creates a certain illusion, it is a illusory picture, since 90% of the investment was reinvested in local enterprises. Only 10% of investments came from outside. The same and even worse picture is drawn in the current, first quarter of 2024 - the decline already reaches 64%. Such a large-scale decrease is caused by the anti-Western policy of Georgian Dream, which we have seen in the last two years. Moreover, this decrease does not reflect the results of the adoption of the Russian law and the use of sanctions against high-ranking officials by the USA.
If this continues, in fact, Georgia's economy will collapse. A decrease in foreign investment means a rapid depletion of the National Bank's reserves, devaluation of the GEL, rising prices, mass emigration and poverty.
We can only console ourselves with the fact that there are 5 months left before the elections. We have to survive these five months somehow - everything depends on us. If the Fream remains, it means that Georgia will return to the 90s," - Roman Gotsiridze said.
