The official languages of Georgia are Georgian and Abkhaz;
Capital of Georgia: Tbilisi;
Georgian Currency: Lari;
Georgian Population: 3.7 million people;
Area of Georgia: 69,420 km²;
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.
Georgia is a link between Europe and Asia, Georgia offers direct access to the EU, the Cooperation Council for the Arab States of the Gulf, and the Commonwealth of Independent States (CIS) markets (1 billion consumers);
Georgia is a
key location for centralized regional market operations in the Black Sea Region;
Georgia ranks thirteenth out of 183 economies (Doing Business Report, World Bank);
Previous to the global economic crisis, Georgia experienced a sole Economic growth;
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.
International Trade of Georgia.
Total Foreign Trade turnover
of Georgia was 6.7 billion dollars;
Georgia is a partner in the TRACECA corridor.
Foreign trade regimes of Georgia:
Free Trade Regime - with the Commonwealth of Independent States countries and Turkey (since 2008);
Most-favoured-nation Regime (MFN) - with the World Trade Organization member countries;
Preferential Regime (Generalized System of Preferences) - with the U.S., Canada, Japan, Switzerland, and Norway;
Preferential Regime (GSP+) - with the EU (7,200 products duty-free);
Possibility of Free Trade Agreement (FTA) with the EU in the nearest future (European Neighborhood Policy - Black Sea Synergy).
The Georgian National Investment Agency is a sole public agency responsible for promoting and facilitating the foreign direct investment in Georgia.
(c) EENI Global Business School (1995-2023)
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