Agribusiness development and insurance as a factor of Georgia’s economic growth

Abstract

Georgia is a small state, stretched between two seas, which has always aroused constant interest in the world due to its geopolitical position. Many called it Iberia or Iveria, and often called Gurjistan. At the crossroads of Europe and Asia, this small oasis attracted many conquerors not only because of its importance, but also because of its culture, historical buildings and fruitful lands. Georgia is a sunny and fertile country, where everything blooms and pleases. Our ancestors from ancient times engaged in agriculture, cattle breeding and had an active connection with the land. According to historical sources, Georgia is more than four thousand years old, and the Georgian alphabet and writing are unique to the whole world. Since the fourth century, Christianity has been our state religion, but the country unites representatives of many cultural ethnic groups and religious beliefs. A completely different historical page began after the collapse of the Soviet Union, when Georgia found itself alone in the face of new challenges and realities. Although we do not have oil and gas ores, which allows the state to develop rapidly, in other areas we may well take a leading position. For example, it is possible to develop the tourism sector at a high level, since the country is distinguished by its historical monuments, some of which are included in the UNESCO World Heritage List. However, a small state like Georgia can focus on agriculture and succeed. For rural welfare, there is the Rural Development Agency, which coordinates projects with the Ministry of Environment and Agriculture of Georgia and assists enterprises interested in this area. Since 2014, the Agricultural Insurance scheme has been operating, the purpose of which is to promote the development of the insurance market in the agricultural sector, promote agricultural activities, save income and reduce risks for those involved in this activity. Our topic is about the development of agribusiness and insurance, which is one of the key factors in Georgia's economic growth.