Georgia

Description

Country Report on Georgia.

Reviews
Shared by: Piyush Bakshi
Stats
views:
246
rating:
not rated
reviews:
0
posted:
8/20/2008
language:
English
pages:
0
Country Report on Georgia Presented by: Irakli Kipshidze Assistant to the President Georgian Chamber of Commerce and Industry Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country -profile • Geography • • • • • Area: 70 thousand sq. km.; Agricultural land – 43%; Forest – 41%; Water basin – 3%; Other – 13%. • Population • Population density: 65 per sq. km. • Population size: 4.3 million (2004); • St. Petersburg Euro-Asian Routes Rotterdam • • Gdansk • Hamburg• Bandar Abbas 35 Nort ,8 m h R o ln ton ute –5 5% EUROPE EUROPE • Trieste Barcelona • • Marseilles CENTRAL ASIA CENTRAL ASIA Constantza • Varna • • Aktau CAUCASUS CAUCASUS • Istanbul Silk Road 12,9 mln ton – 20% • Poti Baku • • Turkmenbashi • Bandar-e Amirabad Piraeus • ute % Ro 25 th n – ou n to S l m ,3 16 1 General Overview of economic environment Macro-Economic Indicators 2003 Nominal GDP (USD m) Nominal GDP (GEL m) Real GDP Growth (%) GDP per Capita (USD) Unemployment (%) Inflation (%) Net FDI (USD m) GEL:USD Exchange Rate (average) 3.995 8.582 11.1 877 11.5 7.0 336 2.15 Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile 2004 5.166 9.846 5.9 1.139 12.6 7.5 490 1.92 2005 6.401 11.629 9.3 1.416 13.8 6.2 539 1.81 2006 7.8 13,784 9,4 1.766 13,6 8.7 1026 1.77 Georgian Economy in Figures 2007, Ist half Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile GDP: GDP growth: GDP per head: Sectors: 4.4 USD Billion (preliminary) 12.5 % (preliminary) 1006 USD Banking and Financing Transport Trade Mineral Resource Industry Processing Industry Inflation: 26,1 % 19,8 % 16,1 % 15,2 % 14,1 % 7,3% 2 General Overview of economic environment Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile Main Strengths of Georgia • Favorable geo-political location • Abundant natural resources • Forests, hydro resources, agricultural land, metal ores, coal, copper concentrates, natural resorts, etc. • Government committed to economic reform • Privatization, liberalization, deregulation, … • Infrastructure well developed • Roads, transport, telecommunications, energy, financial infrastructure, professional services • Qualified Labor inexpensive and easily available • Proximity with large export markets • Cultural Richness: General Overview of economic environment Main Strengths of Georgia • High GDP growth • Increasing consumer spending • Significant government spending on infrastructure • New simplified tax code Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile • Majority of customs duties abolished, simplified new customs code • Increased foreign investor activity • Named number one reformer by the World Bank (Doing Business 2007) • Well ahead other CIS countries in the Heritage Foundation Index of Economic Freedom 3 Government Policy Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile • Government committed to free market and economic reform • Profit repatriation unrestricted • Tax Code recently amended 12% income tax down from 20% 7 taxes down from 21 20% payroll tax down from 31% 18% VAT down from 20% • New Law on Permits and Licenses dramatically reduced barriers to business 50 various permits down from 423 107 various licenses down from 555 • Law on Entrepreneurs recently amended • Privatization is ongoing Business company may be registered in 3 days Ukraine Georgia On the World Transit Map Kazakhstan Russia Σ CPC Tengiz Isobilnoe Novorossiysk Jugba Blue Stream NREP Uzbekistan Georgia WREP Aktau Tbilisi Baku Supsa Ankara Samsun Erzurum BTC SCP Armenia Turkey Azerbaijan Turkmenistan Turkmenbashi Ceyhan Cyprus Syria Iraq Iran 4 Gross Domestic Product USD Billion Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile 8 7 6 5 4 3 2 1 0 3,1 3,2 3,4 4 5,2 6,4 8.0 4,4 2000 2001 2002 2003 2004 2005 2006 2007 6m Foreign Direct Investment Mlrd. USD Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile 1200 1000 800 600 400 200 0 131 110 167 340 499 450 1119 644 2000 2001 2002 2003 2004 2005 2006 2007 6m 5 Major FDI per countries USD Million 210,0 180,0 152,3 150,0 120,0 90,0 60,0 30,0 0,0 No rw ay Az erb Isl aij an an ds of Vir gin ia Gr ea tB rit ain Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile 186,8 182,7 129,7 77,9 77,8 58,6 47,2 42,5 40,1 20,4 Ita ly De nm ar k US A Ka za kh sta n Foreign Trade Volume USD Million Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile 4671 5000 4500 4000 3357 3500 2778 3000 2495 2500 1602 2000 1500 1032 1071 1142 1000 500 0 2000 2001 2002 2003 2004 2005 2006 2007, 6 m. Cy pr us Ge rm an y Tu rke y 6 Major Trade Partners 2007, 6 month USD Million 550 500 450 400 350 300 250 200 150 100 50 0 Georgian Chamber of Commerce and industry www.gcci.ge Georgia: Country Profile Trade Ch Tu in a rk m en ist an Export Ru ss ia U kr ai ne A ze rb ai jan G er m an y SA Bu lg ar ia ke y U Tu r U A E Import Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile TRADE WITH GEORGIA: Produce in Georgia Georgia has one of three most liberal import duty systems in the world, with an average weight import duty of 1, 5%. 90% of all imports have 0% duty. No export duties. Streamlined customs clearance: Export and import permits and licenses required only for 8 exceptional types of goods. World’s most liberal Labor Code and most literate labor force. 7 TRADE WITH GEORGIA: Sell to the World Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile Georgia’s WTO membership brings most favored nation status with WTO members. Free trade with CIS countries: Armenia, Azerbaijan, Russia, Ukraine, Moldova, Belarus, Kazakhstan, Uzbekistan, Tajikistan, Turkmenistan. Special preferential trade regime (GSP+) with the European Union and Turkey. Preferential trade regime (GSP) with USA, Canada, Switzerland and Japan. General Overview of economic environment Sectors with best potential • Export Georgian Chamber of Commerce and Industry www.gcci.ge Georgia: Country Profile oriented Tourism & hospitality services Agribusiness (fresh, frozen and processed fruits and vegetables, nuts) Wine Building materials Wood Processing • Import Substitution Agriculture (cereals & flour, sugar) Food production (sugar, canned food) Pharmaceuticals Energy • Consumption growth IT & Communications Construction Banking and Financial Services Transport and Freight Forwarding Wholesale and Retail Trade 8

Related docs
Georgia
Views: 17  |  Downloads: 1
GEORGIA
Views: 99  |  Downloads: 1
Georgia
Views: 34  |  Downloads: 0
Georgia
Views: 30  |  Downloads: 0
Georgia
Views: 156  |  Downloads: 1
Georgia War
Views: 729  |  Downloads: 4
Georgia Living Will
Views: 64  |  Downloads: 0
Georgia - MotorManual
Views: 19  |  Downloads: 0
Georgia - NonCommercialABManual
Views: 26  |  Downloads: 1
The War in Georgia
Views: 462  |  Downloads: 30
GEORGIA
Views: 0  |  Downloads: 0
Georgia …
Views: 0  |  Downloads: 0
GEORGIA
Views: 0  |  Downloads: 0
premium docs
Other docs by Piyush Bakshi
Black Widow Spider
Views: 648  |  Downloads: 3
federal holidays
Views: 1613  |  Downloads: 3
Rodeo Pictures
Views: 1111  |  Downloads: 11
Major League Baseball Teams
Views: 580  |  Downloads: 1
Kelli Finglass
Views: 1139  |  Downloads: 1
Jill Ireland
Views: 605  |  Downloads: 0
Falcon Aircraft
Views: 517  |  Downloads: 5
Quotes
Views: 609  |  Downloads: 10
Paris Bennett
Views: 543  |  Downloads: 0
Natasha Leggero
Views: 358  |  Downloads: 0
Island
Views: 234  |  Downloads: 5
Iceland
Views: 274  |  Downloads: 4
Dasara
Views: 260  |  Downloads: 3
Prussia
Views: 89  |  Downloads: 0
Mediterranean Sea
Views: 116  |  Downloads: 4