FOREIGN DIRECT INVESTMENTS IN THE CONDITIONS OF THE COVID-19 PANDEMIC: GEORGIA-EU RELATIONS

Ramin Tsinaridze

Email: ramin.tsinaridze@bsu.edu.ge

PhD of Business Administration, Associate Professor Batumi Shota Rustaveli State University

Georgia, Batumi

https://orcid.org/0000-0002-0444-9740

Giorgi Rizhvadze

Email:giorgirijvadze@gmail.com

PHD student of Business Administration, Batumi Shota Rustaveli State University

Georgia, Batumi

https://orcid.org/0000-0002-9750-4808

Purpose. Analysis of foreign direct investment motivations and assessment of their impact on Georgia's economy, under the conditions of the COVID-19 pandemic, as well as analysis of Georgia's EU investment relations and determination of future prospects.

Methodology/approach. The methodological basis of the paper is the fundamental research of economic science. Georgian or foreign language scientific articles, works and studies are used in the research, the material used in the research is based on the data of the Ministry of Finance of Georgia, the Ministry of Economy and Sustainable Development, and the National Statistics Service. Qualitative and statistical methods, data from international organizations are used in the research, this research is mainly based on information collection, comparison, study and analysis.

Research tasks. The main tasks and hypotheses of the research can be formulated as follows: the effect of the inflow of foreign direct investments on the stability of the exchange rate of the lari, Determination of factors affecting GDP and economic growth.

Practical value / results. Research results and conclusions can be used in higher education as a guide material. In addition, it will significantly help the government institutions in determining the course of the country's economic development, its adjustment and processing specific issues of realization.