Nations Facing Acute Financial Threats
2. Russia
Average percentage of businesses struggling for funds: 32
Russia has the eighth and the sixth largest economy in the world, in terms of GDP and purchasing power parity. The economy of Russia is considered to be one of the highest growing economies in the world. The richness in natural resources; oil and natural gas is the main reason of the faster growth of the Russian economy. From 1999 to 2008, Russia had an average economic growth of seven percent.
More than eighty percent of the Russian exports comprises of oil, natural gas and timber products.
1. Georgia
Average percentage of businesses struggling for funds: 31
Georgia has been engaged in trade and commerce from the ancient times. The geographic location of Georgia is the main reason behind this. Precious metals like gold, silver, copper and iron were the main traded items in the ancient times. Wine making has also been one of the main traditions as well as a chief source of trade and commerce in Georgia.
The increase in tourism is contributing a lot in the growth of the Georgian economy. Historical sites and mineral springs are the prime tourist location in Georgia.
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