25.02.2022 Views

CM MARCH 2022

THE CICM MAGAZINE FOR CONSUMER AND COMMERCIAL CREDIT PROFESSIONALS

THE CICM MAGAZINE FOR CONSUMER AND COMMERCIAL CREDIT PROFESSIONALS

SHOW MORE
SHOW LESS
  • No tags were found...

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

COUNTRY FOCUS<br />

Georgia: The art<br />

of being business<br />

friendly.<br />

ON THE GRAPEVINE<br />

MENTION Georgia, or even<br />

search for it on the web, and<br />

it’s more likely than not that<br />

what is returned will relate to<br />

the State of Georgia, the last of<br />

the thirteen colonies founded<br />

in what became the United States of America.<br />

However, we’re more interested in the republic<br />

of Georgia, a country that was once part of the<br />

Soviet Union, a country located in southwest Asia,<br />

with the Black Sea to its east, Russia to the north,<br />

and Turkey, Armenia and Azerbaijan to the south.<br />

First unified by King Bagrat III in the 11th<br />

century, it flourished under Kings David IV and<br />

Tamar but fell to the Mongols in 1243. By 1490<br />

it had fragmented into small kingdoms which<br />

struggled against the Ottomans and Persians until<br />

the Russians annexed it in the 19th century.<br />

It’s been independent since 1991 following the<br />

collapse of the Soviet Union. It’s first president,<br />

Zviad Gamsakhurdia, was a nationalist who was<br />

deposed in a coup within eight months. A civil war<br />

began soon after which ended in 1995 with two<br />

regions, Abkhazia and South Ossetia (Tskhinvali)<br />

breaking away – with support from Russia.<br />

But mounting public discontent over rampant<br />

corruption and poor Government services,<br />

followed by an attempt by the Government to<br />

manipulate parliamentary elections in November<br />

2003, touched off widespread protests that led to<br />

the resignation of Eduard Shevardnadze, president<br />

since 1995.<br />

Now, tensions with Russia are still unresolved;<br />

increasing US economic and political influence in<br />

the country has long been a source of concern for<br />

neighbouring Russia, as have Georgia’s aspirations<br />

to join NATO and the EU. And with tensions on<br />

the Ukrainian border, it’s likely that the Georgian<br />

Government may be sweating at present.<br />

AUTHOR – Adam Bernstein<br />

GEOGRAPHY AND PEOPLE<br />

Georgia is not a large country with just 69,000 sq.<br />

km of land (the UK measures 242,495 sq.km). And<br />

of that, around 12,560 sq. km is Russian occupied<br />

– namely, Abkhazia and South Ossetia.<br />

It occupies a strategic location which, says<br />

export.gov, makes it a natural logistics and transit<br />

hub along the ‘New Silk Road’ that links Asia and<br />

Europe via the Caucasus.<br />

The CIA World Factbook estimates, based on<br />

2018 data, that 35.5 percent of the landmass is<br />

given over to agriculture, 39.4 percent to forest,<br />

and 25.1 percent to other uses.<br />

Kakheti is the most important<br />

wine region in Georgia in<br />

quantitative, qualitative and even<br />

historic terms. Almost threequarters<br />

of the country’s wine<br />

grapes are grown here, on land<br />

that has been used for viticulture<br />

for thousands of years.<br />

Brave | Curious | Resilient / www.cicm.com / March <strong>2022</strong> / PAGE 24

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!