Georgia

The region of present-day Georgia contained the ancient kingdoms of Colchis and Kartli-Iberia. The area came under Roman influence in the first centuries AD and Christianity became the state religion in the 330s. Domination by Persians, Arabs, and Turks was followed by a Georgian golden age (11th to the 13th centuries) that was cut short by the Mongol invasion of 1236. Subsequently, the Ottoman and Persian empires competed for influence in the region.

Georgia was absorbed into the Russian Empire in the 19th century. Independent for three years (1918-1921) following the Russian revolution, it was forcibly incorporated into the USSR until the Soviet Union dissolved in 1991. Despite myriad problems, some progress on market reforms and democratization has been made since then. An attempt by the government to manipulate legislative elections in November 2003 touched off widespread protests that led to the resignation of Eduard SHEVARDNADZE, president since 1995. New elections in early 2004 swept Mikheil SAAKASHVILI into power along with his National Movement Party.

Georgia's main economic activities include the cultivation of agricultural products such as citrus fruits, tea, hazelnuts, and grapes; mining of manganese and copper; and output of a small industrial sector producing alcoholic and nonalcoholic beverages, metals, machinery, and chemicals.

The country imports the bulk of its energy needs, including natural gas and oil products. Its only sizable internal energy resource is hydropower. Despite the severe damage the economy has suffered due to civil strife, Georgia, with the help of the IMF and World Bank, has made substantial economic gains since 1995, achieving positive GDP growth and curtailing inflation.

However, the Georgian Government suffers from limited resources due to a chronic failure to collect tax revenues. Georgia also suffers from energy shortages; it privatized the T'bilisi distribution network in 1998, but collection rates are low, making the venture unprofitable. The country is pinning its hopes for long-term growth on its role as a transit state for pipelines and trade.

The start of construction on the Baku-T'bilisi-Ceyhan oil pipeline and the Baku-T'bilisi-Erzerum gas pipeline will bring much-needed investment and job opportunities.

total:

144 ships (1,000 GRT or over) 855,908 GRT/1,288,812 DWT

by type:

bulk 20, cargo 95, chemical tanker 1, container 11, liquefied gas 1, multi-functional large load carrier 1, passenger 1, petroleum tanker 9, refrigerated cargo 1, roll on/roll off 2, short-sea/passenger 1, specialized tanker 1

foreign-owned:

Albania 2, Belize 2, British Virgin Islands 2, Bulgaria 1, Cyprus 5, Ecuador 1, Egypt 3, Estonia 1, Germany 1, Gibraltar 1, Greece 13, Israel 1, Italy 1, Latvia 4, Lebanon 3, Liberia 2, Madagascar 1, Malta 1, Netherlands 2, Norway 1, Panama 8, Romania 6, Russia 10, Saint Kitts and Nevis 3, Saint Vincent and the Grenadines 4, Saudi Arabia 1, Syria 31, Turkey 10, Ukraine 16,

registered in other countries:

1 (2004 est.)