REGIONAL ASPECTS OF BUSINESS ENVIRONMENT: COMPETETIVNESS AND OPPORTUNITIES

Ramin Tsinaridze

Doctor of Business Administration

Batumi Shota Rustaveli State University, Assistant Professor

Batumi, Georgia

E-mail: ramin.tsinaridze@bsu.edu.ge

http://orcid.org/0000-0002-0444-9740

Nino Mzhavanadze

Master degree of Business Administration

St. Tbel Abuserisdze Teaching University

Batumi, Georgia

E-mail: niniamzhavanadze@gmail.com

http://orcid.org/0000-0001-7578-4733

Abstract

Business has the greatest place in the modern world, because the world economy is exactly stand on business. It is logical, that business has become not only an important and indispensable source of prosperity and economic development, but also the subject of study, which is characterized by progress, difficulties and constant innovations.

The main purpose of the study is to Identify and analyze the regional aspects of business development, competitiveness and existing potential, industry features and operating factors, overview of business sector development trends in the Autonomous Republic of Adjara.

The research topic is valuable and interesting in the sense that, both the country and the Autonomous Republic of Adjara are still in the process of developing the private sector, business is still undergoing constant change and is at a certain stage of dynamics (E.g. legislative changes, global competition, technological backwardness, etc.). Therefore, the issue is actually and important.

Autonomous Republic of Adjara is one of the favorable environment for starting a business, there are clearly identified the advantages of doing business. Business development trends and the current situation in the region allow for greater interest and attention to attracting prominent investments and economic development of the region. Although a number of issues related to the current business environment and current economic processes in the Adjara region are quite well researched, however it has not yet been fully studied. Accordingly, the articles reviewed in the bibliography provide an opportunity to review the general business environment of the Autonomous Republic of Adjara, identify some problems and trends.

Were used Qualitative, quantitative and statistical methods in this study. For data accuracy, were also used collective and comparative methods. Relevant conclusions and recommendations are developed at the end of this study

Keywords: Regional Business Environment, Regional Aspects, Autonomous Republic of Adjara, Regional Potential, Business Development Tendencies.