CM MARCH 2022
THE CICM MAGAZINE FOR CONSUMER AND COMMERCIAL CREDIT PROFESSIONALS
THE CICM MAGAZINE FOR CONSUMER AND COMMERCIAL CREDIT PROFESSIONALS
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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