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Georgia at a Glance

Quick Facts

Brief History

Georgia, or how we call it “Sakartvelo”, is located at the eastern shores of the Black Sea on the southern flanks of the main crest of the Greater Caucasus Mountains. It is bordered by Russia from the north and northeast, Azerbaijan from the east and southeast, Armenia and Turkey from the south. The capital of Georgia is Tbilisi.

Georgia is a country of ancient civilization. Its territory was populated 1.7-1.8 million years ago. The archaeological excavations in the south eastern Georgia resulted in a discovery of the human remains the oldest inhabitant of Eurasia and referred to as the "First European".

Georgia has very old and rich culture, country has its own, unique alphabet and language, spoken only in Georgia. Georgia is known to be the oldest wine region in the world. The fertile valleys of the South Caucasus, are believed by many archaeologists to be the source of the world's first cultivated grapevines and Neolithic wine production, over 8,000 years ago.

Famous trade route, "Silk Road", which connected India and mid Asia with Europe crossed the territory of ancient Georgia, bringing contrasting civilizations and cultures in one place.

At the height of its power, Kingdom of Georgia, ruled by warrior Queen Tamar, stretched from shores of Black Sea in the west to shores of Caspian Sea in the east and was one cultural and economic hub of the region. Other notable Kings are David IV the Builder and Giorgi V the Great.

The first republic of Georgia (1918-1921) was very progressive and in many way ahead of its time. Georgia was one of the first states in the world which granted women the right to vote. Georgia was occupied by Soviet Russia in 1921, becoming part of the Soviet Union as the Georgian Soviet Socialist Republic. The current republic of Georgia has been independent since 1991. Since regaining independence the country suffered from the political and economic crisis for a while, but since 2000s has been developing steadily.

Today, Georgia is a member of the United Nations, the Council of Europe, the World Trade Organization, the Organization of the Black Sea Economic Cooperation, the Organization for Security and Cooperation in Europe, the Community of Democratic Choice, the GUAM Organization for Democracy and Economic Development, and the Asian Development Bank.

GEORGIA'S ONGOING SUCCESS

During last decade Georgia has achieved significant progress and is aiming for further growth and prosperity
 

In early 2000's Georgia has undertaken a number of institutional reforms aimed at modernizing the economy and improving the business environment. By implementing extensive reforms to offer investors a liberal tax system and a more business friendly environment, Georgia has illustrated its commitment to opening its doors to the international investor community.

In the last years, further steps have been taken to ensure political stability, the rule of law, pro-business legislation and labor flexibility, all of which have contributed to an overall predictable investment environment and significant growth in local production and exports.

The stability of the political system is widely considered to be one of the most important factors not only for the stable and positive development of the country, but for the international investors as well. In 2012 and 2013, this political stability was reaffirmed in Georgia, through successful and open democratic parliamentary and presidential elections. Even though, elections resulted in change of administrations, the commitment to economic liberalization and Euro-Atlantic integration remains unwavering.

Today, stable economic development, liberal and free market oriented economic policy, only 6 flat taxes and reduced tax rates, significantly decreased number of licenses and permissions, significantly simplified administrative procedures, preferential trade regimes with foreign countries including EU, advantageous geographic location, well developed, integrated and multimodal transport infrastructure, educated, skilled and competitive workforce presents a solid ground for successful business in Georgia.

The country's ambitious objectives to be one of the best investment locations on the world map, are reflected in number of different well-recognized international rankings, where Georgia maintains strong positions. For example, Georgia holds 24th position in World Bank: 2015 Ease of Doing Business Index and one of the world’s leading corruption watchdogs, Transparency International, ranks Georgia as the most effective non-EU, post-Soviet member state in terms of fighting corruption.

Below, you can use our tool to Benchmark Georgia against other countries by various indicators.

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