List of companies of Abkhazia explained

Abkhazia is a partially recognised state on the eastern coast of the Black Sea and the south-western flank of the Caucasus, south of Russia and northwest of Georgia proper. Its capital is Sukhumi. The separatist Abkhazian polity, formally the Republic of Abkhazia or Apsny,[1] [2] [3] [4] [5] is recognised only by Russia and a small number of other countries. While Georgia lacks control over Abkhazia, the Georgian government, the United Nations and the majority of the world's governments consider Abkhazia part of Georgia, whose constitution designates the area the Autonomous Republic of Abkhazia.

The economy of Abkhazia is heavily integrated with Russia and uses the Russian ruble as its currency. Abkhazia has experienced a modest economic upswing since the 2008 South Ossetia war and Russia's subsequent recognition of Abkhazia's independence. About half of Abkhazia's state budget is financed with aid money from Russia.[6]

Tourism is a key industry and, according to Abkhazia's authorities, almost a million tourists (mainly from Russia) came to Abkhazia in 2007.[7] Abkhazia also enjoys fertile lands and an abundance of agricultural products, including tea, tobacco, wine and fruits (especially tangerines and hazelnuts). Electricity is largely supplied by the Inguri hydroelectric power station located on the Inguri River between Abkhazia and Georgia (proper) and operated jointly by both parties.

Notable firms

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.

Notes and References

  1. Web site: Constitution of the Republic of Abkhazia (Apsny) . 22 October 2008 . Abkhazworld.com . 31 May 2016.
  2. Olga Oliker, Thomas S. Szayna. Faultlines of Conflict in Central Asia and the South Caucasus: Implications for the U.S. Army. Rand Corporation, 2003, .
  3. Web site: Abkhazia: ten years on . Clogg . Rachel . Conciliation Resources . January 2001 . 31 May 2016 . https://web.archive.org/web/20080302113248/http://www.c-r.org/resources/occasional-papers/abkhazia-ten-years-on.php . 2 March 2008 . dead .
  4. Emmanuel Karagiannis. Energy and Security in the Caucasus. Routledge, 2002. .
  5. The Guardian. Georgia up in arms over Olympic cash
  6. News: No Clear Frontrunner as Abkhazia Goes to Poll . Nikolaus von Twickel . The Moscow Times . 26 Aug 2011.
  7. [Kommersant]