Starting out almost nowhere 80 years ago – studying in a small village school in West Georgia – Edward Sheverdnazde quickly rose to power thanks to his incredible political resilience. He remained in power until 2003 when was replaced by his protégée Mr. Saakashvili via the Rose Revolution. George Washington was known to have enough public support to become king of the new American nation, but he gave up the power to Congress. This is not true in our case.

The FINANCIAL -- Back in the middle of the 19th century, Georgia was much more fragmented and unequal than today. It was a society consisting of a huge mass of illiterate peasants (mostly serfs working the lands of their lords and the church), a sliver of urban population (large parts of which, particularly in Tbilisi, were not ethnically Georgian), and a relatively large proportion (up to 5%) of nobility, organized according to a rigid hierarchical system and controlling much of the country’s land.

The FINANCIAL -- The conclusion of the Association Agreement (AA) with the European Union was euphorically acclaimed by Georgian media as well as political and economic decision makers. Part of the AA is the Deep and Comprehensive Free Trade Agreement (DCFTA).

The FINANCIAL -- Until recently, Coca Cola was the only manmade product with the greatest reach across our planet. No matter the political regime, religion or the distance from the nearest bottling factory, the product would be there, even in countries lacking the most basic infrastructure. However, thanks to new electronic gadgets and increasing internet access– Facebook is taking the lead as the world’s most consumable manmade product.

The FINANCIAL -- In Georgia, employment is often found not through prevailing in fair, orderly selection processes, but through personal connections. This is a well-known fact almost nobody denies. It is evident in almost every Georgian firm and institution.

The FINANCIAL -- On June 27, Georgian Prime Minister Irakli Garibashvili signed the highly touted EU Association Agreement, including its free trade chapters, with the President of the European Council Herman van Rompuy, President of the European Commission José Manuel Barroso and heads of EU member states.

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