The paper emphasizes that the Commonwealth of Independent States (CIS) was created after the collapse of the former Soviet Union. In addition to the Baltic States (Estonia, Latvia, Lithuania), all the former Soviet republics united in this Commonwealth in 1991: Azerbaijan, Belarus, Moldova,...

Doctrines which substantiated introduction of market economy elements and priority of development of real sector , e.g. industry, at certain stage of the development of national economy have held an important place in the history of economic thought. Classes were the very first to develop such...

State financial body control of Georgia has a distinctive centuryies-long history. State financial control institute was established in the Democratic Republic of Georgia (1918-21) as early as in 1918 and it existed until Soviet occupation of Georgia in 1921. For 70 years the state financial...

The globalization severely affected post-Soviet countries which were in the process of introduction of new reforms. Independent states emerged after the collapse of the Soviet Union had to make a choice while building market economy. One group of countries (the Baltic States) chose European...

The 25 year period of transition in newly independent post-USSR states did not bring either of them to a desired target – mid-European level of economy. Against this sad background China represents a unique example of successful economic reforms, which lead to rapid economic development and...

Central Caucasus is an important transit place for the "Great Silk Road"; an important role in it is assigned to the Baku-Tbilisi-Supsa and Baku-Tbilisi-Ceyhan oil pipeline, Baku-Tbilisi-Erzurum gas pipeline and the Baku-Tbilisi-Kars railway line which is at finishing stage of its construction,...

After the collapse of the former Soviet Union and restoration of independence of Georgia, the economy faced numerous problems and without settling those problems it was impossible to build a market economy in the country. Before, we could hardly imagine that we would be challenged to create an...

Georgian monetary relations have a centuries-old history. Credit associations were first founded in 11-13th centuries. Network of credit institutions became larger in the 19th century – independent commercial banks were established in the second half of the 19th century. Central State Bank of...