Georgia
Population 2010: 4.4 mln
Capital City: Tbilisi
Area: 69,700 sq. km.
Form Of Government: Presidential Parliament, Democracy
Official language: Georgian
Currency:Lari(GEL); Exchange Rate 2010(Avg):USD/GEL 1.7826; EUR/GEL 2.3644
GDP 2010: .7 Billion; GDP Real Growth Rate 2010: +6.4 %
Unemployment rate: 16.3%
Georgia is a prime location for centralized market operations in the Black Sea Region and the preferred choice for Regional Headquarters and multi-country distribution centers, contact centers and shared service centers.
GOVERNMENT
Georgia is a democratic Presidential-Parliamentary republic, with the President as the Head of State, and Prime Minister as the Head of Government. Since gaining independence from the former Soviet Union, Georgia has opened up its country and its economy to the world for the last 15 years. Today, one of the governments core economic policies involves developing the business climate to facilitate investment, integrating with international markets and attracting foreign investment.
By undertaking numerous economic reform initiatives and ensuring a strong legal system to protect investor rights, Georgia has positioned itself as an attractive destination for foreign investment.
ECONOMY
As a bridge between Europe and Asia, Georgias economy is highly integrated with international markets. As a Regional Headquarters for international firms, Georgia provides direct access to more than 1 billion consumers.
Georgias government has implemented sweeping reforms since 2004 to offer a Liberal Tax System and a Business-Friendly Environment to potential investors. Georgias pro-business legislation and liberal labor law have contributed to trade liberalization and a significant growth in local production and exports.
BUSINESS ENVIRONMENT
Georgian industry is very entrepreneurial and highly motivated to develop rapidly. As industries in Georgia develop, firms and investors are looking for opportunities to capitalize on. The combination of dynamic economic growth, pro-business legislation and tax code, a strong legal framework to protect investors and an educated and skilled workforce presents a solid platform for successful business in Georgia.
Georgia has been rated as the world's one of the best countries for doing business on the basis of its business infrastructure, financial, legal and professional services, and its low and simple tax system. The World Bank and IFCs 2011 Doing Business report demonstrates Georgias potential as one of the best destinations for investors.
