When Ukraine and Moldova received that status on June 23, Georgia was granted only a 'European perspective', which in practice means candidate status is deferred until it addresses concerns about democracy and the rule of law. The failings are a result of policy backsliding which has undermined Georgia's reformist credentials among Western partners.
The more limited promise of a 'European perspective' may still have a positive impact on foreign direct investment.
Development of the China-Europe 'Middle Corridor' via the Caucasus will accelerate.
Georgia-Ukraine relations will remain tense, but without deteriorating further.
Residents of Abkhazia and South Ossetia may become keener to obtain Georgian passports because of EU travel opportunities.
