EENI-Business School

Doing Business in Georgia

Syllabus of the Subject: Doing 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 Doing Business in Georgia” are the following:

  1. To analyse the Georgian economy and foreign trade
  2. To evaluate the business opportunities in Georgia
  3. To explore the trade relations with the country of the student
  4. To know Georgia's Free Trade Agreements
  5. To develop a business plan for the Georgian Market
The Subject “Doing Business in Georgia” is part of the following programs:
  1. Doctorate: Europe
  2. Master (e-learning): International Business, Europe
  3. Courses: Eastern Europe, Central Eurasia

Course learning materials in English Spanish Georgia French Géorgie

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

მაგისტრი საერთაშორისო ბიზნესის (Georgia).

Description of the 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 the Georgian and Abkhaz.
  3. Capital: Tbilisi
  4. Georgian Currency: Lari
  5. Georgian Population: 3.7 millions of people
  6. Area: 69,420 square kilometres
  7. Religion in Georgia: Most of the population practices the Eastern Orthodox Christianity (84%)
  8. Independence from the Soviet Union: 1991

Georgia belongs to the Economic Area of the Orthodox Civilisation.

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, the 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.

Total international trade turnover of Georgia was 6.7 billion dollars (increase of 199% since 2005).

EFTA-Georgia Free Trade Agreement (FTA)

External 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 the 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.

Georgia's 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's Free Trade Agreements (FTA) with Armenia, Azerbaijan, Russia, Turkey, Ukraine, Kazakhstan, Turkmenistan, and Uzbekistan
  8. Organisation for Security and Cooperation in Europe (OSCE)
  9. Georgia is also a member of the United Nations (UN), Council of Europe, World Trade Organisation (WTO), Economic Cooperation and Development
  10. Georgia is a partner in the TRACECA corridor

Samples - Business in Georgia

Doing Business in Georgia

Black Sea Economic Cooperation (BSEC)

Free Trade Agreement Turkey-Georgia

Regional Organisation Economic Development (GUAM)

(c) EENI- Business School