Georgia is a country in the Caucasus region of Eurasia. Georgia's economy is supported by a relatively free and transparent atmosphere in the country. According to Transparency International's 2015 report, Georgia is the least corrupt nation in the Black Sea region, outperforming all of its immediate neighbors, as well as nearby European Union states. [1] With a mixed news media environment, Georgia is also the only country in its immediate neighborhood where the press is not deemed unfree. [2]
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
| Name | Industry | Sector | Headquarters | Founded | Notes |
|---|---|---|---|---|---|
| Badagoni | Consumer goods | Distillers & vintners | Akhmeta | 2002 | Winery |
| Bank of Georgia | Financials | Banks | Tbilisi | 1903 | Largest bank in Georgia |
| Silknet | Telecommunications | Fix and Mobile Telecommunications | Tbilisi | 2010 | Largest telecommunication company in Georgia |
| Georgian Airways | Consumer services | Airlines | Tbilisi | 1994 | Airline |
| Georgian International Airlines | Consumer services | Airlines | Tbilisi | 2004 | Airline, formerly EuroLine |
| Georgian Industrial Group | Conglomerates | - | Tbilisi | 2006 | Energy, logistics, heavy industry |
| Georgian Oil and Gas Corporation | Oil & gas | Integrated oil & gas | Tbilisi | 2006 [3] | Oil & gas |
| Georgian Post | Industrials | Delivery services | Tbilisi | 1805 | Postal services |
| Georgian Public Broadcasting | Consumer services | Broadcasting & entertainment | Tbilisi | 1956 | Television |
| JSC RMG Copper | Basic materials | Nonferrous metals | Tbilisi | 1975 | Copper and gold mining |
| Kutaisi Auto Mechanical Plant | Consumer goods | Automobiles | Kutaisi | 1951 | Auto manufacturer |
| Liberty Bank | Financials | Banks | Tbilisi | 1993 [4] | Bank |
| MagtiCom | Telecommunications | Fix and Mobile Telecommunications | Tbilisi | 1996 | Largest telecommunication company in Georgia |
| Imedi | Consumer services | Broadcasting & entertainment | Tbilisi | 2003 | Television |
| Rustavi 2 | Consumer services | Broadcasting & entertainment | Tbilisi | 1994 | Television |
| National Bank of Georgia | Financials | Banks | Tbilisi | 1919 | Central bank |
| Rustavi Steel | Basic materials | Iron & steel | Rustavi | 1948 | Steel |
| Sky Georgia | Consumer services | Airlines | Tbilisi | 1998 | Airline |
| Telasi | Utilities | Conventional electricity | Tbilisi | 1998 | Part of Inter RAO (Russia) |
| TBC Bank | Financials | Banks | Tbilisi | 1992 | Universal bank |
| Tbilisi Aircraft Manufacturing | Industrials | Aerospace | Tbilisi | 1941 | Aircraft |
| TAM Management | Industrials | Aerospace | Tbilisi | 2015 | Aircraft |
| Wissol Petroleum | Oil & gas | Exploration & production | Tbilisi | 2000 | Oil & gas |
The economy of Azerbaijan has completed its post-Soviet transition into a major oil-based economy, from one where the state played the major role. The transition to oil production led to remarkable growth figures as projects came online; reaching 26.4% in 2005 and 34.6% in 2006 before subsiding to 10.8% and 9.3% in 2008 and 2009 respectively. The real GDP growth rate for 2011 was expected at 3.7% but had dropped to 0.1%. Large oil reserves are a major contributor to Azerbaijan's economy. The national currency, the Azerbaijani manat, was stable in 2000, depreciating 3.8% against the dollar. The budget deficit equaled 1.3% of GDP in 2000.
The economy of Georgia is an emerging free market economy. Its gross domestic product fell sharply following the dissolution of the Soviet Union but recovered in the mid-2000s, growing in double digits thanks to the economic and democratic reforms brought by the peaceful Rose Revolution. Georgia continued its economic progress since, "moving from a near-failed state in 2003 to a relatively well-functioning market economy in 2014". In 2007, the World Bank named Georgia the World's number one economic reformer, and has consistently ranked the country at the top of its ease of doing business index.
Tbilisi, in some languages still known by its pre-1936 name Tiflis, is the capital and the largest city of Georgia, lying on the banks of the Kura River with a population of around 1.2 million people. Tbilisi was founded in the fifth century AD by Vakhtang I of Iberia, and since then has served as the capital of various Georgian kingdoms and republics. Between 1801 and 1917, then part of the Russian Empire, Tiflis was the seat of the Caucasus Viceroyalty, governing both the northern and the southern parts of the Caucasus.
Georgia is a country located in Eastern Europe and West Asia. It is part of the Caucasus region, bounded by the Black Sea to the west, Russia to the north and northeast, Turkey to the southwest, Armenia to the south, and by Azerbaijan to the southeast. The country covers an area of 69,700 square kilometres (26,900 sq mi), and has a population of 3.7 million people. Tbilisi is its capital and largest city, home to roughly a third of the Georgian population.
Mikheil Saakashvili is a Georgian and Ukrainian politician and jurist. He was the third president of Georgia for two consecutive terms from 25 January 2004 to 17 November 2013. From May 2015 until November 2016, Saakashvili was the governor of Ukraine's Odesa Oblast. He is the founder and former chairman of the United National Movement party. Saakashvili heads the executive committee of Ukraine's National Reform Council since 7 May 2020. In 2021 he began serving a six-year prison sentence in Georgia on charges of abuse of power and organization of an assault occasioning grievous bodily harm against an opposition lawmaker Valery Gelashvili.
The Baku–Tbilisi–Ceyhan (BTC) pipeline is a 1,768 kilometres (1,099 mi) long crude oil pipeline from the Azeri–Chirag–Gunashli oil field in the Caspian Sea to the Mediterranean Sea. It connects Baku, the capital of Azerbaijan and Ceyhan, a port on the south-eastern Mediterranean coast of Turkey, via Tbilisi, the capital of Georgia. It is the second-longest oil pipeline in the former Soviet Union, after the Druzhba pipeline. The first oil that was pumped from the Baku end of the pipeline reached Ceyhan on 28 May 2006.
TBC Bank is a Georgian bank headquartered in Tbilisi, Georgia. The name, TBC Bank, traces its root to its original name, Tbilisi Business Centre, dating back to 1992. Currently, TBC is registered as the official name of the bank, not just an abbreviation of the original name.
The mass media in Georgia refers to mass media outlets based in the Republic of Georgia. Television, magazines, and newspapers are all operated by both state-owned and for-profit corporations which depend on advertising, subscription, and other sales-related revenues. The Constitution of Georgia guarantees freedom of speech. Georgia is the only country in its immediate neighborhood where the press is not deemed unfree. As a country in transition, the Georgian media system is under transformation.
Bidzina Ivanishvili is a Georgian politician and billionaire businessman, who served as Prime Minister of Georgia from October 2012 to November 2013.
The International Bank of Azerbaijan-Georgia is a subsidiary bank of the International Bank of Azerbaijan located in Tbilisi, Georgia, founded in 2007. It is one of three Azerbaijani banks operating in Georgia. The bank is a member of the Association of Banks of Georgia.
Corruption in Georgia had been an issue in the post-Soviet decades. Before the 2003 Rose Revolution, according to Foreign Policy, Georgia was among the most corrupt nations in Eurasia. The level of corruption abated dramatically, however, after the revolution. In 2010, Transparency International (TI) said that Georgia was "the best corruption-buster in the world." While low-level corruption had earlier been largely eliminated, Transparency International Georgia since 2020 has also documented dozens of cases of high-level corruption that remain to be prosecuted.
Charles H. Robbins is an American businessman, and the chairman and chief executive officer (CEO) of Cisco Systems.
Mamuka Khazaradze is a Georgian politician and entreprenuer. He is the Chairman of Lelo for Georgia, a centrist political party, full member of the ALDE Party in the European Union. Khazaradze co-founded the largest Georgian universal bank, JSC TBC Bank in 1992. He entered politics in 2019, becoming a Member of the Parliament of Georgia in the 2020 parliamentary elections.
