During the first six months of 2026, direct foreign investment from Russia to Georgia amounted to $37.2 million, with the absolute majority of these funds directed to the real estate sector. According to Geostat, Russian investors invested $26.7 million in residential and commercial real estate, which accounted for 71.8% of the total inflows. This demonstrates that the Georgian real estate market remains a priority sector for Russian investors despite geopolitical challenges.
Distribution of Investments by Sector
Following real estate, investments from Russia were distributed among several large sectors of the economy. Construction received $4.8 million in investments, while manufacturing received $3.5 million. These two sectors ranked second and third in terms of Russian capital volume.
Other sectors received significantly less funding. Investments were distributed as follows:
- wholesale and retail trade, repair of motor vehicles and motorcycles — $907 thousand
- agriculture, forestry and fishing — $777 thousand
- professional, scientific and technical activities — $684 thousand
- arts, entertainment and recreation — $411 thousand
- administrative and support services — $300 thousand
- transport and storage — $289 thousand
- education — $261 thousand
Investment Recipient Companies
According to Geostat, among the companies that received substantial Russian direct investments are Thompson & French, Samsung Electronics Caucasus Company, Eco Resource Nattech, Legero, Delivery Technologies Georgia, Khedi, Alliance Privilege, Gen, Agrosector, and Kalevala. It should be noted that this list is not ranked by investment volume — Geostat presents it for informational purposes.
Context of Overall Investment in Georgia
Russian investments should be considered in the broader context of foreign capital inflows to Georgia. During the first six months of 2026, the country received approximately $750 million in direct foreign investments overall. However, this figure indicates a decline in investment activity: inflows were 21% lower than in the corresponding period of 2025. Thus, despite significant participation of Russian capital in the real estate sector, the overall investment climate in the country is experiencing a certain weakening.