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List of companies of Abkhazia

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Location ofAbkhazia

Abkhazia is apartially recognised state on the eastern coast of theBlack Sea and the south-western flank of theCaucasus, south ofRussia and northwest ofGeorgia proper. Its capital isSukhumi. The separatist Abkhazian polity, formally theRepublic of Abkhazia orApsny,[1][2][3][4][5] is recognised only byRussia and asmall number of other countries. While Georgia lacks control over Abkhazia, theGeorgian government, theUnited Nations and the majority of the world's governments consider Abkhazia part ofGeorgia, whose constitution designates the area theAutonomous Republic of Abkhazia.

The economy of Abkhazia is heavily integrated with Russia and uses theRussian ruble as its currency. Abkhazia has experienced a modest economic upswing since the2008 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 (especiallytangerines andhazelnuts). Electricity is largely supplied by theInguri hydroelectric power station located on the Inguri River between Abkhazia and Georgia (proper) and operated jointly by both parties.

Notable firms

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This list includes notablecompanies with primaryheadquarters located in the country. The industry and sector follow theIndustry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
Status: P=Private, S=State; A=Active, D=Defunct
NameIndustrySectorHeadquartersFoundedNotesStatus
  
A-MobileTelecommunicationsMobile telecommunicationsSukhumi2006Mobile networkPA
Abkhazian State Television and Radio Broadcasting CompanyConsumer servicesBroadcasting & entertainmentSukhumi1976State owned mediaSA
AquafonTelecommunicationsFixed line telecommunicationsSukhumi2003TelecomPA
ChernomorenergoUtilitiesElectricitySukhumi1993State power and distributionSA
National Bank of the Republic of AbkhaziaFinancialsBanksSukhumi1991Central bankPA

References

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  1. ^"Constitution of the Republic of Abkhazia (Apsny)". Abkhazworld.com. 22 October 2008. Retrieved31 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,ISBN 978-0-8330-3260-7.
  3. ^Clogg, Rachel (January 2001)."Abkhazia: ten years on". Conciliation Resources. Archived fromthe original on 2 March 2008. Retrieved31 May 2016.
  4. ^Emmanuel Karagiannis. Energy and Security in the Caucasus. Routledge, 2002.ISBN 978-0-7007-1481-0.
  5. ^The Guardian.Georgia up in arms over Olympic cash
  6. ^Nikolaus von Twickel (26 Aug 2011)."No Clear Frontrunner as Abkhazia Goes to Poll". The Moscow Times.
  7. ^Kommersant-Dengi,Тяжелая экономическая независимость (Hard Economical Independence), 08.09.2008(in Russian)
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