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February 14, 2011

New Opportunities of Tourism and Investment in Georgia

New Opportunities of Tourism and Investment in Georgia
by Giuli Alasania, 2011
Black Sea International University, Tbilisi, Georgia

Georgia is the world’s leading reformer. Country’s impressive progress in improving business climate has been well documented in a number of international indices. Located at the crossroads of Europe and Central Asia, Georgia is a bridge connecting several important economic regions with a total population of more then 827 million people. It is a key link in the shortest transit route between Western Europe and Central Asia for transportation of oil and gas as well as dry cargo. The consistent macroeconomic policies, burst of entrepreneurial activity, growth in domestic consumption, rehabilitation of infrastructure and export growth are producing strong economic growth and make  the  stable macroeconomic environment for investment. Liberal trade regimes which include low tariffs, streamlined border clearance procedures, free industrial zones, simplified licensing and permitting procedures are those opportunities that Georgia suggests to foreign investors.
Apart from  the economic increase Georgia made a rapid growth in Tourism sector. There is a variety of possibilities to invest in tourism in Georgia starting from the Sea resorts, continuing to mountain , skiing, mineral waters and healthy, cultural and other type of tourism. Almost all regions of Georgia are rich with sight-seeing.
All those opportunities suggested by government make Georgia profitable for investment. These steps strengthens Georgia’s economy, drives it to  make  further democratic and economic reforms for European and Euro-Atlantic integration.

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