Georgia
eBizguides Georgia
Significant investment potencial
Le guiaré a lugares increíbles
The concept of eBizguides
eBizguides aims to provide on-the-ground information about the country economic performance, the main investment opportunities and acute business intelligence research about who are the leaders and influencers of the country and which are the top 100 companies. All you need to know about doing business in a country and in a unique publication that also includes a small tourism guide. eBizguides are the world's leading business intelligence guidebooks. Click to read more.
Fastest growing economy
Georgia’s economy has traditionally revolved around Black Sea tourism, cultivation of citrus fruits, tea and grapes; mining of gold and copper and the output of a big industrial sector producing wine, metals, machinery, chemicals and textiles. Over the last few years, the Georgian economy has been one of the fastest growing in the former Soviet Union. The Georgian economy sustained GDP growth of more than 10%, based on strong inflows of foreign investment and robust government spending.
Economic reforms
Since 1995, the Parliament of Georgia has been liberalising business legislation by implementing policies designed to open the Georgian economy to increase international business activities, and to create a business environment favourable to foreign investment. Under the current administration, Georgia undertook a number of profound institutional reforms aimed at modernising the economy and improving the business climate. The World Bank recognised Georgia as the world’s fastest-reforming economy in “Doing Business” report.
INVESTMENT
Georgia is a small country with significant investmentpotential due to its strategic location, naturalresources combined with infrastructural, institutionaland legal developments adopted to meet challengesof XXI century. Located at the crossroads of Europeand Central Asia, it serves as a natural transportcorridor and is the shortest transit route between theWest and Central Asia for the transportation of Oil,Gas and dry cargo.Reforms and initiatives, carried out by the GeorgianGovernment since 2003, aimed at improving theinvestment climate in the country have producedpositive results as evidenced from internationalstudies and reports. Notwithstanding, the fact thatGeorgia had to deal with the Russian Aggressionin 2008, the country quickly regained its previousfinancial position and currently is apt to offer asafe business environment to local businesses andforeign investors/investments. In order to attract foreign investment, the Governmentof Georgia, in cooperation with private enterprises,continues to develop infrastructure – roads, railways,sea ports, and airports. Agribusiness, Tourism,Energy, Construction and Transport are consideredto be Priority Sectors for investment flow. Accordingto the recent report from the World Bank Group,Georgia ranked 11th for the ease of doingbusiness.
Partner Companies
Georgia
The Georgia’s proximity to Europe, combined with various cultural and political factors, has increasingly led to the inclusion of Georgia into Europe. Many sources refer to Georgia as being included within the European region and Georgia is also a member of a considerable amount of European organisations such as the Council of Europe, and is seeking membership in NATO and accession to the European Union. Georgia is a place of increasing curiosity. One moment you may think they look like Russians and the next moment you think they are like Southern Europeans. Their language is extremely unique and has a complicated yet beautiful alphabet. The majority of the older population speak Russian as opposed to speaking English, however, the younger generation are highly proficient and today there is a large importance placed on English language learning. Speaking Russian is also highly beneficial as the majority of the population either speak Russian or at least understand it.
