Business in Georgia (Course, Master)

EENI Business School & HA University



Syllabus of the Subject: Foreign Trade and Business in Georgia. Georgian Economy.

  1. Introduction to the Georgia (Europe)
  2. Georgian Economy
  3. Doing Business in Tbilisi
  4. International Trade of Georgia
  5. Foreign Direct Investment (FDI) in Georgia
  6. Business Opportunities in Georgia
  7. European Union-Georgia trade relations
  8. Access to the Georgian Market
  9. Business Plan for Georgia

The objectives of the Subject “Foreign Trade and Business in Georgia” are the following:

  1. To analyse the Georgian economy and foreign trade
  2. To know the business opportunities in Georgia
  3. To explore the trade relations with the country of the student
  4. To know the Georgian Free Trade Agreements
  5. To develop a business plan for the Georgian Market

The Subject “Doing Business in Georgia” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Doctorates: European Business, Global Trade
  2. Masters: Business in Europe, International Business, Foreign Trade
  3. Courses: Business in Eastern Europe, Central Eurasia

The course materials are available in Master in International Business in English Study Master Doctorate Business in Spanish Georgia Study, Master in International Business in French Géorgie

  1. Credits of the Subject “Foreign Trade and Business in Georgia”: 1 ECTS Credits
  2. Duration: one week

Georgia, Master Doctorate Business მაგისტრი საერთაშორისო ბიზნესის (Georgia).

Online Student (Master International Business)

EFTA-Georgia Free Trade Agreement (Course)





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Description of the Online Subject: Foreign Trade and Doing Business in Georgia

  1. Georgia shares borders with Russia, Turkey, Armenia, and Azerbaijan
  2. The official languages of Georgia are Georgian and Abkhaz.
  3. Capital of Georgia: Tbilisi
  4. Georgian Currency: Lari
  5. Georgian Population: 3.7 million people
  6. Area of Georgia: 69,420 square kilometres
  7. Independence of Georgia from the Soviet Union: 1991

Religion in Georgia: Most of the Georgian population practices the Eastern Orthodox Christianity (84%)

Georgia belongs to the Orthodox Economic Area.

Georgian Economy.

  1. Georgia is a link between Europe and Asia, Georgia offers direct access to the European Union, the Cooperation Council for the Arab States of the Gulf, and the Commonwealth of Independent States (CIS) markets (1 billion consumers)
  2. Georgia is a key location for centralised regional market operations in the Black Sea Region
  3. Georgia ranks thirteenth out of 183 economies (Doing Business Report, World Bank)
  4. Previous to the global economic crisis, Georgia experienced a sole Economic growth
  5. Notwithstanding recent slowdowns in the gross domestic product growth and foreign direct investment caused by the Global financial crisis, a real gross domestic product of Georgia growth rate was 6.4%. This growth has been fuelled by substantial local and foreign direct investment (FDI)

Foreign Trade of Georgia.

  1. Total international trade turnover of Georgia was 6.7 billion dollars

Foreign trade regimes of Georgia:

  1. Free Trade Regime - with the Commonwealth of Independent States countries and Turkey (since 2008)
  2. Most-favoured-nation Regime (MFN) - with the World Trade Organisation member countries
  3. Preferential Regime (Generalised System of Preferences) - with the United States, Canada, Japan, Switzerland, and Norway
  4. Preferential Regime (GSP+) - with the European Union (7,200 products duty-free)
  5. Possibility of Free Trade Agreement (FTA) with the European Union in the nearest future (European Neighbourhood Policy - Black Sea Synergy)

The Georgian National Investment Agency is a sole public agency responsible for promoting and facilitating the foreign direct investment (FDI) in Georgia.

Georgian Economic Institutions and Trade Agreements:

European Union Eastern Partnership

European Union-Georgia Association Agreement

  1. Regional Organisation for Democracy and Economic Development (GUAM)
  2. Black Sea Economic Cooperation (BSEC)
  3. European Union
    1. European Neighbourhood Policy
    2. European Union-South Caucasus
    3. EU's Generalised System of Preferences (GSP) +
    4. Black Sea Synergy
    5. EU Eastern Partnership
  4. EFTA-Georgia Free Trade Agreement
  5. Turkey-Georgia Free Trade Agreement (FTA)
  6. Georgia-Ukraine-Azerbaijan-Moldova Free Trade Agreement (FTA)
  7. Georgia Free Trade Agreements (FTA) with Armenia, Azerbaijan, Russia, Turkey, Ukraine, Kazakhstan, Turkmenistan, and Uzbekistan
  8. Organisation for Security and Cooperation in Europe (OSCE)
  9. Organisation for Cooperation between Railways (OSJD)
  10. Intergovernmental Organisation for International Carriage by Rail (OTIF)
  11. Convention Relating to Temporary Admission
  12. Customs Convention on Containers (CCC)
  13. International Rail Transport Committee (CIT)
  14. Georgia is a partner in the TRACECA corridor

Georgia is also a member of the United Nations (UN), European Council, World Trade Organisation (WTO), Economic Cooperation and Development

Samples - Business in Georgia

Course Master: Business in Georgia

Black Sea Economic Cooperation (BSEC) Course

Free Trade Agreement Turkey-Georgia

Regional Organisation Economic Development (GUAM)



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