Special economic zone: what type of it does Abkhazia need today?

Abstract

Necessity and possibilities of creation of special economic zones in the Republic of Abkhazia are discussed in the article; such proposals can be heard in the Republic for several years. The author notes the role of special economic zones in achieving the high rates of socio-economic growth. However, such projects haven’t been launched in Abkhazia for various reasons. The analysis of these reasons indicates a lack of investment legislation development, the difficult financial situation in the country aggravated by social problems, and foreign policy factors, which create serious obstacles in the export-import economy. However, a promising production development and positive effects from creation of such zones in Abkhazia are mentioned.