Investors sense opportunities in spite of uneasy calm

Georgia's double-digit economic growth promised rich rewards for foreign investors. But when war broke out a year ago, the risks were brought home very starkly to Rakia. Three of its employees were killed when the Russians bombed the Black Sea port of Poti.

Today, the state-owned investor from the Gulf emirate of Ras al-Khaimah is back at work building grain and container terminals at the battle-scarred port.

"The war was a difficult problem for us," says Zaza Mikadze, the general director of an affiliated company, Rakeen, investing in property and agriculture. "In the end, we decided to stay on, but slowed down some of our projects."