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Geographical proximity i.e. the spatial concentration of organizations is a necessary requirement in the acquisition and transition of information as elementary resource between organizations. Today?s? virtual communication methods and channels are able to connect physic distances and organizations far away from each other are interconnected through the different info communicational tools. However, virtual proximity does not entail unequivocally the evolution of relations between organizations.The study will review the role of geographic and virtual proximity from the theoretical perspective which will be followed by the introduction of empirical research findings. Though organizations use virtual communication channels to maintain their relations internationally, periodical geographic proximity is needed. Geographic proximity plays different role and has different importance in diverse inter-organizational relation types.