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Association Members

Adjara Group


Adjara Group is a leading Georgian company in hospitality, lifestyle development and agropreneurship.

The company has gained worldwide recognition for trend-setting establishments and dynamic entrepreneurial projects through designing, developing and managing lifestyle brands including Rooms Hotels in Tbilisi and Kazbegi, Stamba Hotel and Fabrika youth accommodation. The group also develops and manages a number of restaurants which combine international gastronomic talent with a dedication to fresh and locally sourced produce.

A pioneer in urban and rural development, Adjara Group has shaped the face of the capital and regions as a result of the commercial and social ecosystems which grow around the enterprises it creates. The company prides itself on turning even the most remote and underdeveloped regions across the country into sustainable tourism destinations.  Equally vital to Adjara Group has been fostering a diverse and inclusive workplace where every employee is respected, empowered and rewarded, with equality in gender, ethnicity and sexual orientation being key to the company’s harmonious corporate culture.


Agara Sugar Company


Agara Sugar Company is the only company in Georgia that produces white sugar. Since its foundation (1932) it produces white sugar in compliance with the state standards and norms. Sugar production is a non-stop 24 hour process. The company employs 530 people. Daily production of the factory amounts to 600 tons of white sugar, while annual productions is 150 000 – 160 000 tons of white sugar. Annually, the company pays to the state budget approximately GEL 21 m.



Archi counts its history since 2006. The company has implemented many various large-scale projects in Tbilisi and regions of Georgia.

The company’s core business is construction and development. Archi has 19 finished residential buildings in Tbilisi and Batumi, 1 finished commercial project and 15 projects under construction. About 10 new projects will be implemented in the next 3 years.

In 2010, Archi expanded its range of activities and started building hotels in Georgia. Currently, two European level hotels are operating in Shovi and Kvariati (“Sunset-Shovi” and “Sunset-Kvariati”).  By 2019, opening of three high-class hotels in Tbilisi and 1 European level brand hotel in Bakuriani is scheduled. 

In addition, Archi, together with the large German company Xella has started construction of the Ytong factory in Tbilisi, which will produce energy efficient and refractory construction blocks. Project investment amounts to 15 million USD and the first production is scheduled until the end of 2019.

All of Archi’s projects are fully funded by foreign investments, which guarantees that all projects will be delivered within the scheduled timeframes.



Founded in 2010 AS GEORGIA is an affiliate company of one of the leading real estate development holding AS GROUP INVESTEMNT, which implements successful, complex projects in many countries.

AS GEORGIA realizes the largest project “city within city”, that is located in Isani district and occupies a total of 47 hectares. Implementation of the project is planned in 5 stages and the final investment will exceed $ 1.5 billion.

The company's sphere of  business includes the production of high quality building materials, construction of industrial infrastructure, transportation services with modern construction equipment, etc.



Pharmaceutical Company Aversi was founded in 1994. Its first step in business was the import of medicines. But over time the scale of the company expanded. Today Aversi is one of the largest pharmaceutical companies not only in Georgia and South Caucasus, but in the post-Soviet region. Its network of pharmacies unifies more than 225 stores. About a decade ago, founder of the company initiated launching of a global pharmaceutical enterprise “Aversi-Rational”. Today its products are competitive to global pharmaceutical brands not only within our country, but in Azerbaijan, Armenia and Ukraine. Aversi founder also initiated wide-scale project “Network of Aversi Clinics”. Currently Aversi Clinics owns and operates 9 medical facilities all over Georgia.
Moreover, Aversi is a founder of the “Alpha” insurance company. Aversi is duly qualified by the society as a charity organization. Support and help of socially vulnerable groups is an expression of good will by Aversi leadership.

Bank of Georgia


• The largest bank in Georgia by total assets, loans and client deposits;

• The holder of 33% of market share by total assets;

• Representative offices in London, Tel Aviv and Budapest;

• The leading bank offering following services to legal entities as well as individual clients:


− Retail banking services;

− Corporate banking services;

− Wealth management;

− Personal banking service – SOLO;

− Brokerage services;


• On 29 November 2006, Bank of Georgia became the first bank from Georgia and the second bank from the post-Soviet space to list its shares in the form of global depository receipts (GDRs) on the London Stock Exchange; since 28 February 2012, Bank of Georgia is a premium listed company on the London Stock Exchange;


• The bank with one of the largest networks of service centers and the largest ATM network in the country: 276 service centers; 820 ATMs;

• The company with credit ratings from two global rating agencies:

− Moody’s: ‘B1/NP’ (FC) & ‘Ba3/BP’ (LC);

− Fitch Ratings: ‘BB-/B’;



Basis Bank was founded in 1993. The bank’s management directed all their resources to accomplish a major business conception –creation of a niche Bank with a customer-focused approach based on strong communication ties with customers. Throughout the early years of operation, the Bank was steadily growing, raised awareness and gained the status of a reliable partner in the region.
In 2008, EBRD became the owner of a 15% block of shares of Bazis Bank. In 2012, the largest Chinese company Hualing Group purchased 90% of the bank's shares. Today, this proportion has increased to 99.8%. The Hualing Group started investment projects in Georgia since 2007. So far, Hualing Group carried out 5 major investment projects in Georgia, with a total investment amount of 500 000 000 US dollars by the end of 2014. Based on data of 2014 year Hualing Group was nominated as leading, foreign investment company in Georgia.
Today annual turnover of Basis Bank exceeds 46 million GEL. The amount of taxes equals to 4.6 million GEL. The bank employs to more than 300 persons.



BDO, audit and business advisory, founded in 1999, is represented on the market as BDO Group since 2016, combining the major directions of professional services, technology advisory and business trainings.

With over 220 professionals and global support of the network represented in more than 160 countries worldwide, BDO offers the broad range of audit, tax, outsourcing, corporate finance, legal, technology advisory and support services and business trainings.

BDO ranks 3rd among the largest audit and advisory firms in the country. For the past 9 years the company has maintained solid 3rd or 4th positions in national rankings. BDO is the ACCA approved employer in both directions – Trainee Development (Platinum) and Professional Development.

BDO enjoys outstanding relationships with clients and staff by focusing on what is important to them. Innovative, partnership-style approach, being responsible and reliable, keeping the promises is what matters the most at BDO.


Bevrili Group


The Company was established  in 2004. In the eastern part of Tbilisi, across 45000 square meters of land, the company built a modern grain production and storage facility equipped with modern technologies, including grain mills, silos, storage facilities and other necessary means to produce European standard products (flour,bran,course dround flour). Bevrili Group owns a large shopping mall in almost every city and region of Georgia. Over 50 stores are currently operating across the country and this network is going to expand further. Bevrili Group with its technical equipment, in addition to the store network is one of the top factories among other same profile businesses.





Company IDS Borjomi Georgia is a part of IDS Borjomi International. IDS Borjomi International is the biggest producer of natural mineral water and market leader in bottled natural mineral waters in the CIS and the Baltics.
IDS Borjomi Georgia is a leader in the mineral water market in Georgia. Its product range includes “Borjomi”, “Likani”, “Borjomi Springs” and “Bakuriani” brands. The world-famous mineral water brand “Borjomi” is exported to thirty countries worldwide. 

Borun Group


Borun is a holding company with operations throughout Georgia and covering different business areas, including: mining, construction, agriculture and consulting. All 6 member companies have operations within the Georgian market, while some of them export products to the EU.  Borun Group is aimed at increasing its market share and achieving leadership position in their respective fields. The group is open to joint ventures and investment opportunities together with transnational companies and institutes, thus creating a modern, transparent and independent corporate structure. 

Cartu Bank


Cartu Bank was established as a Joint Stock Company in 1996 and received a banking license from the National Bank of Georgia on January 9, 1997. At the early stage of starting its operations, the Bank’s client-oriented management led to its image and prestige. Cartu Bank offers its customers a stable development. The Bank is constantly improving the existing  and creating the new products, services and procedures.

The bank was established with equity of $1 million (equivalent in GEL), which was gradually increased by the founders and today it amounts to 114,430,000 GEL.

The Bank’s mission is to finance the strategic fields of the country that will make substantial contribution to the growth of Georgian economy and development of businesses. For this purpose, Cartu Bank is closely involved in the projects initiated by the government of Georgia, offering businesses the consumer-oriented credit programs - within the frameworks of state projects -“Produce in Georgia” and “Preferential Agro Credit.” For the active participation in these projects the Bank received the Certificate of Appreciation from the Entrepreneurship Development Agency (Enterprise Georgia) in 2015. JSC Bank Cartu constantly diversifies its portfolio across the sectors and regions.

From the latest developments of JSC Bank Cartu particularly important is the IDR (Issuer Default Rating) rating „B+ with Stable Outlook” received in 2015 from the international financial institution Fitch. This expresses the strength of the bank, the highest standards of its activities and development that will contribute to establish partner relations with local and international financial institutions. 

Caucasus Online


Caucasus Online LLC is one of the Georgia’s leading telecommunication companies. The company was founded in 1998 under the name of Caucasus Network and was one of the country’s first Internet providers. Later in 2006 as a result of the merger of three major Georgian ISPs: Caucasus Network, Georgia Online and SaNet - Caucasus Online emerged as a new company in Georgia's telecommunications market. In 2008 Telenet, the main provider of fixed wireless broadband in Georgia merged with Caucasus Online adding new products and capabilities to the Company’s portfolio. Since 2008 Caucasus Online has been the sole owner of a fiber-optic cable through which it transits Internet traffic from Varna to Poti. Currently Caucasus Online offers the following telecommunication services: internet services (DSL; fiber optic wireless broadband); wholesale service (IP Transit); International channels (Capacity Transit Services); telephone (fixed; VOIP); international telephone code 8-07; hosting/co-locations; IP TV. 



The construction company DAGI was established in 2004 and  has been conducting repair and reconstruction works from the date of its foundation in full compliance with the quality control that contributed to the company’s long history, a team comprised of high skilled engineers and architects. The Company’s scope of activity is very wide. Starting from the date of its establishment the Company has implemented  over 350 projects on the entire territory of Georgia. Taking into account  the existing experience, the Company’s development strategy covers construction of office areas, residential buildings, public parks, automobile infrastructure, melioration and drinking water infrastructure. The Company permanently seeks to  comply with the technological development and keep pace with innovations, as well as use the contemporary materials and technologies in the construction process that allows the Company to offer the maximum optimized costs and technical solutions to its customers.

The Company has been granted ISO 9001-2008 Quality Management Certificate from 2012 which was updated in 2015 and was qualified with ISO 9001-2015 Quality Management System Certificate. From October 2015 it has been holding Occupational Health and Safety Assessment Certificate OHSAS 18001:2007 and from March 2016 – ISO 14001:2004. Since 18 June 2012 the Company is registered in the White List of the State Procurement Agency.


Diplomat Georgia


Diplomat  is an international distribution company that has been operating in the world market for over 50 years and is one of the leading brands of world class premium companies in five countries: Israel, Georgia, South Africa, Cyprus and New Zealand.

Diplomat Georgia was established in 2008.  In 2014 the company has built A class ultra-modern storage area  and uses only modern systems for storage and sales management.

Diplomat Georgia cooperates with leading international and local companies and distributes their products to the Georgian market. The company is proud to promote Georgian production and support Georgian business.




Elit Electronics has been operating on the Georgian market for 21 years. The company manages the largest trade network of home appliances. Best products, a wide and constantly-updated assortment, warranties and after-sale services, delivery of purchased products and top-quality service - all of these aspects strengthen the name and place of Elit Electronics in the Georgian consumer market.

Elit Electronics is distinguished by its sophisticated trade infrastructure  represented in Tbilisi and all big cities of Georgia through 30 branches. Nowadays the number of  Elit Electronics employees are approximately 1000 people. Elite Electronics is  the first multi-brand  household tech store chain in Georgia. The company represents in Georgia big and well-known  companies such as Apple, Samsung, Sony, Bosch, Siemens, Gorenje, Philips, HP, Acer, Lenovo and others. Elit Electronics is the authorized partner of Samsung and Apple and  exclusive and sole representative in Georgia of  Bosch, Siemens, Gorenje  and Hitachi. 



Vivus.ge is the global brand of 4 Finance. The company has a leading position in Latvia, Lithuania, Poland, Finland, Denmark and Sweden. The company was successfully launched in 2012 in Russia, Spain, Great Britain and Canada. In 2013, the services of the company became available for the citizens of Czech Republic and Georgia. 4 Finance is Latvian Joint Stock Company, founded in 2008. The company has attained its success worldwide very fast. Its activities are primarily focused on fast, short-term nonbank loans.

GD Group


GD Group and affiliated companies - GD Alco, International Brands Network, Georgian Distribution Marketing Company are one of the most successful grocery products distribution companies that hold leadership positions in food and beverage wholesale distribution market nationwide. GD Alco has its own premium alcoholic beverage store chain Whiskey House and it is developing a new chain Alcorium, which is supposed to cover more consumer categories. LTD GDG – obne of the group’s companies - is a regional leader in selling premium alcoholic beverages and serves as a logistical hub in the South Caucasus and Central Asia countries. The company owns a customs cargo space. The company constantly develops modern technologies and systems and they are reliable and long-term partners for Georgian, as well as for many other international companies. 

Georgian Airways


The air company ''Airzena'' was established in September 1993.

Initially, ''Airzena'' operated charter flights to United Arab Emirates, Italy, China, Egypt, India, Syria, as well as the regular flight to Vienna.

In that economically and politically complicated period, due to the correctly selected strategy, the company succeeded to achieve recognition and retain its share in the aviation market.

In 1999 ''Airzena'' became the flag carrier of Georgia.

In August 2004, the company changed its name to ''Georgian Airways''.

In the first half of 2000 the air company's management made a decision to modernize the fleet, and leased two BOEING737-500 aircraft from a German company ''Hapag-Lloyd''. This was the first case when the Georgian air company started operating the up-to-date Western equipment. Since that time, ''Airzena'' has been permanently developing and modernizing its fleet.

Georgian Beer Company


The brewery Zedazeni is located in Saguramo. Company was established in 2011. On April 4, 2012, the company introduced a new Georgian brand of beer and lemonade Zedazeni to the market, thus acquiring the leading position in this industry from the very first year of its introduction. A month after its opening, the brand Zedazeni obtained ISO 9000 Certificate of Quality Management, followed by ISO 22000 Certificate for Food Management Safety. Important achievements in small time have led to significant expansion of the export market. Moreover, the Company participated in various exhibitions, attained its international recognition and acquired the status of the Best Product of the Year. These achievements resulted into significant enlargement of export market. By the end of 2012, JSC “Georgian Beer Company” became the partner of the largest German Group „Bitburger Braugruppe” and received a license to produce a prime-class brand „Konig Pilsener”.  In the year 2017, the first Georgian natural juice "Chero" has been developed by Aseptic technology.  Aseptic lines are unprecedented for the region.  Within the framework of the project, Zedazeni has created more than 100 additional jobs and economic activity. Today the Company owns the third of the Georgian market of beer and non-alcoholic beverages.

Georgian Health Group


Georgia Healthcare Group is the largest market participant in healthcare services. The company delivers healthcare services under the name of Evex and offers the most comprehensive range of inpatient and outpatient services targeting the mass market segment through its vertically integrated network of hospitals and ambulatory clinics. The company delivers healthcare services through the network of 37 hospitals and 11 polyclinic clusters, including 14 district polyclinics and 24 express outpatient clinics as of 30 September 2017 and covers over 3/4 of Georgia’s 3.7 million population with the market share of 24% by number of beds.

Georgia Healthcare Group is the largest pharmaceuticals retailer and wholesaler in Georgia. The company operates with two brands, GPC and Pharmadepot with the 29% market share by sales and has over two million client interactions per month.

The group also provides medical insurance under the name of Imedi L, which is positioned to complement the group’s healthcare services business with c.110, 000 persons insured as at October 2017. 

Georgian Industrial Group


Georgian Industrial Group (GIG), with 20 year of experience, is one of the largest industrial holdings in Georgia. The profile of GIG covers coal mining, electricity generation (hydro, natural gas and coal stations), trade in natural gas and management of immovable property. In 2006, the company, with 20 years of experience in business activities in Georgian market, was established as a holding.  GIG is the only coal producing company in Georgia, simultaneously owning such economically important Georgian coal mining assets as Tkibuli-Shaori and Vale coalfields. In the coal mining business GIG is represented by Saknakhshiri LLC. The majority of the enriched coal produced is sold under long-term contracts (1 year or more) to the local consumers. In the long run, company intends to increase its extraction volume up to 1.5 million tons annually, to meet both growing local demands, as well as start export sales. 

Georgian Railway


Georgian Railway is one of the significant parts of the Euro-Asian Transportation Corridor, linking Europe with Central Asia. Construction of the railway mainlines, connecting Black and the Caspian Seas, has been launched in 1865. On October 10, 1872, first passenger train arrived from Poti to Tbilisi. This is the date regarded to be the “Birthday” of the Georgian Railway. Outstanding Georgian public figure Niko Nikoladze played a principal role in the construction of the railway in Transcaucasia. The complex geographical terrain of Georgia triggered the construction of a number of artificial buildings, which include more than 3,700 constructions. Total length of the Georgian railway is 2,344, 2 km. On April 12 2012, Georgian Railway was reestablished as a Joint-stock Company.


Geostar was founded in 2004 with Georgian capital. The main activity of the company is the import and distribution of consumer products. Head office is located in Tbilisi, where the company owns its the material-technical base. The company operates around Georgia and it employs about 200 people. Now Geostar is the exclusive distributor of such brands in Georgia as Nivea, Aquafresh, Bic, Papia, Molped, Molfix, Bingo, Bonduelle, PastaZara, Avedov, Pompea, Sisi, Glamour and others.

GeoSteel LLC


GeoSteel is one of the largest direct foreign industrial investments in Georgia. It is a joint venture between JSW Steel Netherlands BV  and Georgian Steel Group. GeoSteel is ISO 9001 certified company. It is customer-oriented and strives to attain high quality in production. Its production facility is spread over 13 hectares. It is situated in the center of Rustavi city.  The company employs 110 professional staff and 375 support staff. GeoSteel’s  has the capacity of producing 200,00 tone liquid still.  

Global Benefits Georgia


 Risk Management & Insurance Company Global Benefits Georgia is an advanced player on Insurance Market with international dimension. Global Benefits Georgia is the regional representative of internationally established insurance company – Global Benefits Group. The company carries out risk management, life and non-life insurance for corporate sector and operates on Georgian and International insurance Markets. Global Benefits Georgia develops and implements benefit programs that encompass all areas of the insurance fields, from medical, life, travel, property, motor, management responsibility and special group insurance. The company creates wide range of insurance products and services that are tailor-made for the needs of businesses. Company’s key shareholders are international Insurance Company “Global Benefits Group” (GBG) and one of the biggest industrial holding in Georgia – “Georgian Industrial Group” (GIG). Global Benefits Georgia offers a wide range of insurance products:

1. Life and Health Insurance. In Life and Health insurance Global Benefits Georgia provides International products and services in collaboration with Global Benefits Group. The Insurance plans were developed and adjusted specifically for Georgian Market. The Life and Health portfolio consists of Health, Critical Illness, Life and Disability, Travel Insurances. Each product has high coverage limits and international dimension. For each insurance product the customer has Private Risk Manager and a free choice of medical facilities worldwide.

2. Property and related Risk Insurance. Global Benefits Georgia carries out individual risk assessment and provides high quality tailor-made insurance benefits to the corporate sector. Since risks and needs are unique for every business unit, so are the needs.

3. Special Group Insurance. At Global Benefits Georgia special group insurance plans are available for Diplomatic Missions, International Non-Governmental Organizations, Georgian and Foreigner Students, Diplomats and their family members.

4. Individual Insurance. Motor Owner Insurance –a special product has been developed for retail market  that offers different types of car insurance: Casco, MTPL, MPA.




Goodwill was established in 2004 and has been constantly, dynamically developing. Nowadays it holds 2 hypermarkets, 4 supermarkets, centralized enterprise, cafes and Bulanzheria across the country. Goodwill employs up to 1400 people. The company mission is to be a leader on a retail and production market, to conduct its operations and activities always bearing in mind interests of its consumers, associates and public at large.

1. Goodwill Didi Dighomi – the first hypermarket of Goodwill was opened in Dighomi in 2004 (total area: 24 000 sq. m.)

2. Goodwill Vake was opened in 2009 (total area: 2 500 sq. m.)

3. Goodwill Saburtalo was opened in 2011 (total area: 4300 sq.m.)

4. Goodwill Batumi was opened in 2010 (total area: 1,400 sq.m.)

5. Goodwill Batumi, at the fuel station of Socar, main road  ( total area: 250 sq.m.)

6. Goodwill Gori, opened in 2012, East west Highway of Georgia – Tbilisi-Gori (total area: 800 sq.m.)

7. Goodwill Lilo - in the entrance of Tbilisi, at the fuel station of Socar ( total area: 500 sq.m.)

8. Goodwill Batumi (#88 Gorgiladze street) was opened in 2015. (total area: 2600sq.m.)

Since 2004, the Goodwill Company has been a leading brand on the Georgian retail market. On the top of expanding the range of products and sales, Goodwill is increasing its own production capacities. The company managers have a major task of proposing innovations, new products, customer-focused projects and new business ideas. Highly qualified and adequately motivated staff is committed to ensuring customer satisfaction.

Goodwill’s areas of activities are quite wide as it can be seen from its multi-format structure. Goodwill is one of the biggest importers of German, Holland, Italian, French, Bulgarian and Ukrainian food and non-food products in Georgia.

Goodwill has the following sub-brands: Goodwill Celebration (More than 100 corporate clients), Goodwill Gelateria, Bulanzheria – Marshe, Cafes "Panorama buffet".



GORGIA was founded in 1998 and has become one of the first DIY retailer on Georgian market specialized in building and construction materials distribution and retail sales. Today GORGIA is the largest home improvement specialty retailer group in Caucasus region. In Georgian retail market, GORGIA is presented by the following: HYPERMARKET GORGIA, GORGIA PREMIUM and Ikea Shop.


In 2014 GORGIA has opened the first and the biggest DIY hypermarket in Georgia. Currently, GORGIA has seven branches in below cities: Tbilisi, Batumi, Kutaisi, Telavi, Marneuli and Zugdidi.(Total 39151,5 m2) With more than 40,000 great-value products all under one roof in low-price format hypermarket chain GORGIA strives to offer customers everything they need to successfully achieve their home improvement and DIY projects: Building Supplies, Doors, Flooring & Tiles, bathrooms, furniture, Heating & Cooling, Roofing, Paints & Wallpapers, Home-ware and other products available at the best prices.

Ikea shop

Gorgia team opened Ikea shop for middle class customers, for whom- modern design and quality is top priority.


From contemporary to modern, GORGIA PREMIUM has one of the widest selections of luxury Bathroom, Furniture, Doors, Tiles and Flooring ideas in Georgia. GORGIA PREMIUM offers luxury and style combined with functionality to suit different customer's lifestyle. GORGIA PREMIUM works with designers, architects, and developers, from design stages through to installation to help its customers to create a unique design.

GORGIA is committed to being a global company by enhancing its direct relationships with quality manufacturers, and reinforcing the confidence it has in global suppliers to provide products that offer GORGIA customers quality, value, and innovation. The aim of the company is to maintain the leading position in Georgian market and completely satisfy consumers' needs. The great aspiration for improving the degree of customer service is confirmed by ISO certificate received in 2009.

Many years of experience, the assortment of various and high-quality products, professional staff, more flexible services - That's why Georgian customer chooses GORGIA.

GPI Holding


GPI Holding was established in 2001 as a first private pension fund in Georgia. Promotion and development of so-called social insurance lines – health, life and pension insurance, were identified as top priorities of the company upon its establishment. GPI Holding actively continues the development of prioritized insurance lines to date. In 2006 GPI Holding became a member of the Vienna Insurance Group - one of the leading insurance companies in Europe. In accordance with 2015 statistics, GPI Holding is the leader in the insurance market and holds 20.26% of the market. The company has already engaged up to 210 000 people in health insurance, served by 17 hospitals in 16 regions. GPI Holding is famous with its innovative decisions and offers a number of innovations to its consumers. In 2016, firstly in Georgia, GPI Holding established an online portal for its consumers www.mygpi.ge

GPI Holding, which is number one insurance company in the country holds 24% market share. Within the mentioned period GPI Holding’s written premium amounts to Gel 83mln, which represents a 2% increase.

It is worth noting that the company managed to acquire the status of the Best Company twice and was nominated the Best Insurance Company in Golden Brand Nomination.



Gulf Georgia is one of the leading oil companies on the Georgian market, distinguished by high quality fuel and customer service. This international brand has been represented officially in Georgia by Sun Petroleum Georgia LLC since March, 2010. This world brand established back in 1901 in the United States is currently one of the major players in the world market. Gulf Georgia currently successfully operates 140 refueling stations country-wide, 43 of which are located in Tbilisi. The company imports fuel from the best oil refineries in Europe; in terms of quality control it complies with world class standards. Gulf refueling stations are distinguished by modern equipment and western state-of-art innovative technologies. Gulf is one of the major employer companies in Georgia. It has more than 1300 employees and their number is increasing daily.

Halyk Bank Georgia


JSC Halyk bank  has been functioning at Georgian market since 2008 and it is a subsidiary bank of Halyk Bank Kazakhstan (www.halykbank.kz) with 100% share. Halyk bank is one of the largest institutions of financial market in Kazakhstan and it is 95 years old. From 2006, shares of Halyk Bank Kazakhstan have been presented at London Stock Exchange.

The main motive power of JSC Halyk Bank Georgia is that fact, it belongs to a strong and stable developed financial group of Halyk, which acts in Kazakhstan, Kirghizia, Tajikistan, Russia and Georgia. The share of assets of JSC Halyk Bank Georgia corresponds to the 10th place of bank market of Georgia.

JSC Halyk Bank Georgia offers wide range of services to the customers: retail/business crediting, bank payment cards, acquiring, balancing-cash service, money transfers, remote service and so on.

JSC Halyk Bank Georgia has own network of ATMs and POS-terminals and it uses UFC processing center service. This allows it to offer low rates in about 700 ATMs and about 500 fast payment systems to the customers.




International Development Company IDECO appeared in the real estate market of Georgia in 2007. The company mainly focuses on real estate development, construction management, real estate management and services. Residential complex Opera Residence is one of the projects of the company, which was completed in 2012. Opera Residence has 5 above the ground and 2 underground parking levels. It delivers high-class fully completed 65 residential apartments and 25 isolated office spaces, all located in the area of 9000 square meters.  IDECO was one of the pioneers in the Georgian market to offer to its customers apartments and offices built with ecologically clean and energy efficient material.
IDECO is actively involved in the reconstruction of the historic Tskaltubo spa resort. The holding owns the main strategic locations and healing bathhouses in Tskhaltubo.
In addition, IDECO together with its partners owns a storage space of 7.5 ha, which has a significant role given Georgia’s transit location.
The company is also actively considering possible investments in energy projects. Agricultural business is another new area of interest for the company as this field has important potential for developing the business given Georgia’s agriculture traditions and resources.



LLC IDL is a marketing company whose main activity is the establishment of so-called non-alcoholic, sports, isotonic and vitamin enriched beverages in the Georgian market and in the Caucasus region. This type of the drinks are representend by the famous brands such as Gatorade, POWERADE, OSHEE, and others.

The direction is quite trendy in today's world because it is associated with healthy lifestyle and sports activities.

This is a drink for those modern people who prefer a healthy lifestyle, have a busy work schedule and physical activity help them to relax, often visit the sport complexes or walk intensely. Today high performing sport is impossible without using the isotonic drinks as a natural restorative product.

Today LLC IDL is an official (exclusive) representative of Polish brand "OSHEE" in Georgia. "OSHEE" is a well-known company on the European market, which produces isotonic waters, vitamin enriched beverages and natural products. Active users of these products are youth football teams of Germany and teams of all age group of Poland and regional partners of famous clubs such as Real Madrid and Dortmund's Borusia.

LLC IDL produces distribution and active advertising support. It also actively works to re-export these products in neighboring countries. By the year 2020, a joint venture is planned to be opened, which will produce products rich of natural vitamins made from local raw materials.

The company aims to become a regional leader and main supplier of isotonic and vitamin enriched non-alcoholic beverages (so called sports drinks) both on the Georgian market and in the entire region.

International Corporation ICR


International Corporation ICR is one of the largest and most stable organizations in the field of retail business in Georgia. The company started its operations in 1993 and currently employs up to 700 people. ICR represents international brands of footwear, apparel, accessories as well as furniture and food and beverage outlets. Portfolio of the company combines up to 20 brands.

From 2016 ICR operates as a holding and includes following companies: International Corporation ICR, ICR Trade, ICR Food and Beverage, ICR Catering, OKey.

Knowledge Fund -Tsodnis Phondi


Knowledge Fund (KF), a non-profit, charity organization, was founded by Kakha Bendukidze in 2007. KF is the largest endowment in higher education in Georgia. Knowledge Fund is the founding organization of the two leading Universities: Free University of Tbilisi and Agricultural University of Georgia. The purpose of the Fund is to ensure provision of world quality higher education to Georgia's young generation and encourage high quality research in the country. To this end, KF invests in educational infrastructure, research and education. Moreover, the Fund encourages the increase of accessibility of high quality higher education through scholarships. Since 2007 KF invested over 50 ml USD in higher education. This is an unprecedented volume of private investment in higher education in Georgia.



KPMG is a global network of professional firms providing Audit, Tax, Legal and Advisory services, operating in 154 countries with over 200,000 people working in member firms around the world.

KPMG has been working in Georgia for more than ten years and now is employing over 100 professionals.

Our purpose and aspiration is to turn knowledge into value for the benefit of our clients, our people, and the world’s capital markets.

Liberty Bank


Liberty Bank is a successor of a state-owned Agromretsvbank, which was privatized in 1994 and later renamed to People’s Bank of Georgia. In March 2010 the bank was renamed again to “Liberty Bank”. 
Liberty Bank has the largest network of branches and service centers nationwide and provides services to over 1.4 million individuals and 72000 legal entities. Liberty Bank is third largest bank in Georgia in terms of total assets and has 8.2% market share. In September 2009 Liberty Holding Georgia and Liberty Capital jointly purchased a control package of shares.

Lilo Mall


Ltd Lilo Mall, formerly Elsavako was founded in the year of 1991. Strategic location, wide range of products presented, affordable prices, both wholesale and retail trade availability have become the competitive advantage of the commercial center and contributed to its success. For many years Lilo Mall was the major supplier not only to the regions of Georgia, but also to the other countries in the Caucasus. At the moment Lilo Mall is a commercial center located across 22 ha territory with more than 5 000 trading units.



The entity Loyal Capital S.A. has been established in the Grand Duchy of Luxembourg since 2005 and functions as the headquarters of the Loyal Capital Group (LCG) of companies whose business activities include mainly international Real Estate development projects and Private Equity investments.

The group is lead by one of its founders, Mr. Roman Pipia, an active international entrepreneur with a vast experience in RE project developments as well as private equity investments, particularly in Eastern Europe.

Mr. Pipia is a President of football Club Dinamo Tbilisi and continues to sponsor many different cultural and sport events in Georgia. FC Dinamo has been established in 1925 and now is one of the largest brand names in Georgia. 

In 2013 has been established Dinamo Tbilisi Football Academy, which is the best academy in Georgia with its infrastructure. The best adolescents are trained by high qualified Georgian and foreigner coaches.  


Lukoil Georgia


LLC "Lukoil-Georgia" was established in Georgia in March 2002. Since then the company has been intentionally expanding its activities in consumer and corporate markets. The company now operates 65 petrol stations and two oil stations and is one of the largest taxpayer and employer in Georgia. Lukoil fuel is compatible with the Euro 5 standard and its import is carried out from the modern oil refineries in Bulgaria. In addition to fuel, "Lukoil-Georgia" also imports Lukoil motor oils. Environmental and ecological security issues are important for Lukoil. The company thinks it's obligatory to maintain a healthy environment for future generations.

Lutecia Group


As a result of over 20 years’ activity on perfume market, today Lutecia group encompasses: “Lutecia” perfumery network, cosmetic boutique “M.A.C”, niche-boutique “Aromateque”, natural cosmetic network “YVES ROCHER”, French tea boutique “PALAIS DES THES”.

“Lutecia” perfumery network as an innovation-oriented and client trusted business represents more than 200 world-wide known brands on Georgian market.

“Lutecia” stores’ exterior and interior design has been enhanced to meet all international standards. The constantly growing and progress-oriented perfumery business aims at insuring clients’ comfort and positive mood.  Permanent introduction of novelties, high quality service, enrichment of market with wide range of new brands, various other activities aim at gaining client trust, as well as retaining of potential and loyal clientele base.     

“Lutecia” perfumery network consists of 11 branches with 9 branches in Tbilisi and 2 once in Batumi.


m² Real Estate


At present, JSC m² Real Estate is a wholly owned subsidiary of investing company "Georgia Capital". Driven by a team of highly qualified professionals, JSC m² Real Estate is a significant player in the real estate market in Georgia.

Key business directions:

• Real estate development.
• Property management.
• Hospitality management.
• Construction management.



Magi Style


Construction and development company “MAGI Style” was founded in 1995. It is one of the leading private construction companies in Georgia. Construction business of the company is aimed at building solid and secure buildings. Main activities of the company include projection and planning, interior and exterior design, housing and office development and management, construction development.



Ltd. Hotel Network Mgzavrebi (passengers) was founded in 2008, the company's business activities are construction of hotel complexes in the resorts of Georgia, selling hotel apartments, and hotel management. Currently company has built 8 hotel-buildings in Bakuriani, 3 buildings in Gonio and 1 building in Batumi - in total 600 hotel-style apartments. Currently, new hotels are being built in Gudauri (160 rooms), Bakuriani (70 rooms) and Gonio (50 rooms). At this moment the company has attracted and made investment of approximately 50 million GEL. The company's annual turnover is about GEL 10 million, while the company's assets amount to GEL 20 million. The company also owns subsidiaries (in the village Gldanula and Kutaisi). The main direction of the companies are manufacturing of woven furniture and wood furniture.



Ltd "VEON Georgia" (Brand Beeline) is included in the leading international group of service provider and Internet service provider VEON, the head office of which is located in Amsterdam. VEON shares are placed on NASDAQ (USA) and Euronext Amsterdam­ exchanges. VEON, in 10 different countries, offers voice, fixed, data and internet services to its more than 210 million customers worldwide. Beeline has been operating in Georgia since 2007 and currently provides its 1.3 million customers with 2G GSM 900 / 1800MHz, 3G 2100 MHz and 4G / LTE 800 MHz services.



Nikora has held one of the leading position in the local food products market. The history of the company starts in 1998 year and it concerns to production of everyone’s favorite meat products
Nikora’s working strategy - development / constant striving for expansion, mastering / implementation of skills, is the main reason for the fact, that nowadays the holding is producing about five hundred products and along with meat products, it covers many areas of the food industry.
At present time, the holding incorporates meat products, semi-finished products, fish products, dairy products, ice-cream, bakery products, frozen confectionary and wine companies. The company is also actively engaged in import and in absence of farmers, Nikora imports raw materials from world's reputable factories for manufacturing their goods.
The number of the chain stores of Nikora across Georgia is more than 260. Except the supermarkets chain named after brand Nikora, the holding owns the trading centers of Nugeshi, Libre, Sandei.
Nikora Holding incorporates the company Intrade, which imports alcoholic and non-alcoholic beverages of world-wide known brands in the local market.
Also, Nikora is one of the biggest employer. Nowadays, the holding employees up to six thousand people, whose number is raising in direct proportion of company’s development.
Nikora is one of the first company on local market, which has been owning ISO 9001 : 2008; ISO 22000 : 2005 – НАССР certificates for many years and strictly observes international standards of quality management and food safety in production and management.
Consumer’s trust and loyalty to Nikora is determined with the company's 16-years of experience, consistent high-quality products, a diverse range of products, converge of price and quality and constant dialogue with the public.

Nodia, Urumashvili & Partners LTD


Nodia, Urumashvili and Partners is a full-service law firm with the long-standing experience. The firm is renowned for its pre-eminent practices in Banking and Finance, Tax, Corporate, Insolvency, Intellectual property, Real Estate, and Construction law. The company provides legal support and represents clients’ interests in local, as well as cross-border deals and disputes, including through close cooperation with international law firms. The success of the company is the result of the highly qualified lawyers having the combined knowledge of relevant practice areas and the specificities of the industry.

ORBI Group


ORBI Group is an international construction and development holding, one of the largest real estate developers in Europe and post-Soviet area. The group’s real estate portfolio consists of 3 000 000 square kilometers and has been successfully operating at real estate market for 20 years.

ORBI Group provides its construction services to customers from 72 countries.

The Group has gained worldwide recognition in the field of real estate. The current ambitious project, ORBI TWIN TOWER, became the owner of the so-called Oscar in real estate - FIABCI  Prix d'Excellence.

ORBI Group is the first holding in the region that created the hotel and residential complexes and laid the foundation for the construction of skyscrapers in Georgia.

ORBI  Sea Towers, ORBI Residence, ORBI Plaza, ORBI Beach Tower - These are the successful multifunctional projects of ORBI Group. All the projects of the company are unique, so the construction of the ORBI Group has significantly changed the appearance of the city and each of them became a Batumi business card. 1 200 000 tourists choose ORBI hotels annually.

ORBI Group is also engaged in construction in Bakuriani. The construction of the Apart-Hotel Bakuriani Palace has contributed significantly to the development of tourism in the winter resort.

The priority of the holding is to provide decent and comfortable conditions for human life and development and long-term partnership with the customer.

ORBI Group has created a stable business in the rapidly developing region and has managed to employ more than 6,000 people. ORBI Group is planning to implement a  numerous  large scale projects in Georgia. ORBI Group is a holding company that is constantly in the center of innovation!


Petrocas Energy Group


Petrocas Energy Group is a multifunctional holding operating in the field of oil & petrochemicals transportation in the Caspian Region, Middle Asia and South. The group's activities range from trading, forwarding and supply to handling and storage of oil and chemical products transported from East to West and West to East through the Poti oil terminal. The Group also owns one of the largest retail petrol stations in Georgia operating under the world-renowned brand – GULF Oil International. 

Philip Morris Georgia


Philip Morris Georgia LLC is an affiliate of Philip Morris International Inc. (PMI) - the leading international tobacco company, with seven of the world’s top 15 international brands, including the number one cigarette brand worldwide.

PMI’s products are sold in more than 180 markets.

In 2014, the company held an estimated 15.6% share of the total international cigarette market outside of the U.S., or 28.6% excluding the People's Republic of China and the U.S.

Procredit Bank


ProCredit Bank Georgia, as a part of ProCredit Group, has been engaged in the banking business for more than 17 years. The main goal of the bank is to finance small and medium businesses with long-term development plan.

ProCredit Bank implemented  Zone 24/7 and equipped it with the modern technologies to make banking services available for the customers at any time within twenty-four hours.  the banks' clients also benefit from the ProCredit  Group advantages and make international transfers with low fees in any country.

Responsible approach to the business entails complying with social, ethical and environmental standards. For these purposes, bank implemented the environmental management system, eco products, and as a result, Procredit Bank is the first bank in Georgia to have been given the ISO certificate.  

The only bank in Georgia that has the European experience and professionalism offers its customers innovative, modern, convenient banking services and strives to be reliable business partner for them. 



PSP has been operating in the Georgian pharmaceutical market for over 20 years. The priority area of the company includes manufacturing of pharmaceutical products in the pharmaceutical factory GMP, leadership in the domestic market and export, increased distribution, expansion of pharmacy store and hospital chains, and development of insurance sector. PSP is the only pharmaceutical company in Georgia, which owns and operates GMP factory- a modern, innovative pharmaceutical factory which meets international standards (www.gmp.ge). PSP pharmaceutical company acquired GMP (Good Manufacturing Practice) certificate from the European community, the so called Good Manufacturing Practice certificate which is the EU License for pharmaceutical manufacturing and a quality guarantee document for manufacturing drug products. PSP has its own pharmacy chain, which offers to customers guaranteed quality medicinal products for affordable prices, quality pharmaceutical services. As of now, the company runs over 160 pharmacy stores all over Georgia. German certification organization TUV-Reinland/Berlin-Branderburg Group awarded PSP with an International Organization for Standardization certificate ISO 9001:2000



Ras Al Khaimah Emirate investment Group was formally established in Georgia on November 30, 2007. As one of the largest investors, the company's business activities cover several sectors. Tbilisi Mall is one of the investment projects implemented by the Group. Currently, the Group prioritizes development of Poti Free Industrial Zone and existing hotel business. In addition, the company plans to invest in such areas as energy, logistic, etc.
Ras Al Khaimah Emirate investment Group has already employed thousands of people in its implemented projects and project planning activities.  As of now, the group has the following member companies operating in Georgia:"RAKIA Georgia", "RAKEEN Development Georgia", "RAKEEN uptown development", "RAK Georgia - Poti Free Industrial Zone". 



Redix Ltd is a real estate development and asset management firm, which was founded in 2017. Currently "Redix" has 35 large and medium projects of different types throughout Georgia. Redix strategy is to develop a mixed-use portfolio of real estate property operations in Georgia, concentrating mostly on the following directions: office, residential, commercial and hospitality properties.   More than 500 people are employed by the group.  The market value of the company assets is worth 250 million USD.

The goal of the Redix Group is to implement and execute innovative concepts and to achieve a portfolio performance that would benchmark with international well performing marketplaces.


Sante GMT Products


Sante GMT Products, LLC is the largest producer of dairy and juice products in Georgia. With the support of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, an old Soviet factory was upgraded into a modern dairy plant operating in conformity with the highest international standards.
Throughout the last 15 years Sante was able to substitute the demand for artisanal dairy products which dominated the market in the past and create a totally new market for factory produced dairy. Today, Sante has a portfolio of over 120 products under five brands.
In addition to providing a quality food supply, Sante has helped generate income for thousands of families through a network of milk collection centers, which were developed with OPIC’s assistance, in rural and mountainous areas of Georgia. Through this network of milk collection centers Sante collects milk on a daily basis from small rural families and produces high quality dairy products made of Georgian natural milk.
In 2015, Sante GMT Products was awarded the OPIC Development Impact Award recognizing the company’s achievement in the economic development of Georgia.

Sharm Trading


Sharm Trading is the leading distribution company in Georgia, which has established itself as a leader since its founding. The company was founded in 1998. Despite of insignificant resources, young and aspiring personnel made it a great success. As a result of the partners’ complete trust and successful business activities, Sharm Trading has become the exclusive distributor of the global brands in Georgia and Armenia. Today, the company distributes such famous brands as Unilever, Henkel, Schwarzkopf & Henkel, Eszacibasi, Tchibo, SCA, etc. During the term of its business activities at the South Caucasus market the Company firmly confirmed its high professional level and ability to maintain stability, which ensured its long-term and close relationships with partners. Sharm Trading employs about 600 people all over Georgia, while in Caucasus  the number is 1000. The aim of the company is to provide customers with global brands’ products, quality distribution to both trade and service providers and hair salons around the world. 

Silk Road Group


“Silk Road” holding has been established for the purpose of consolidating the interest of its companies. These interests are: infrastructure, transportation, trading, food market, real estate, financial services, investments and corporate services. 



SILKNET is a new company in the Georgian Telecommunications market, founded on March 12, 2010. SILKNET offers comprehensive telecommunications packages to its consumers nationwide (Telephone, Internet, and Television). The purpose of the company is to secure a leading position in the telecommunication sphere by becoming customer-oriented at maximum extent, through offering innovative products, establishing new services and increasing market share and profitability. Top priorities of the company are: highest consumer orientation, highest quality, permanently offering innovative and diverse products, corporate and social responsibility.



SOCAR Energy Georgia Ltd was founded in 2006 with the aim of providing investments to the Georgian economy by carrying out the retail and wholesale trade of oil products, the importing of oil products and liquid gas and the construction of oil terminals and reservoirs. Since the very beginning of establishment, SOCAR has been able to position itself as market leader within the energy sector of Georgia. SOCAR Energy Georgia Ltd has since established several daughter companies which operate in various spheres. Among these are SOCAR Georgia Petroleum Ltd and SOCAR Georgia Gas Ltd.

SOCAR Georgia Petroleum Ltd has been operating within Georgia’s oil industry since September 2006. The company’s monthly turnover amounts to tens of millions of USD. The company successfully carries out the import and sale of competitive and high standard oil products. From 2008 it started development of its retail sales network. As of today 113 petrol stations operate in Georgia, which are all well equipped to offer top quality services to their customers. More than 1500 people are currently employed by the company.

One of the strategic directions of SOCAR’s activities in Georgia is focused on the natural gas market. With intent of establishing themselves within this market, SOCAR Energy Georgia founded a daughter company, SOCAR Georgia Gas Ltd, in June, 2007. The company won a tender announced by the Ministry of Economic Development of Georgia for a large-scale project of gasification in more than 30 regions. Nowadays SOCAR Georgia Gas Ltd carries out natural gas distribution in 44 regions of Georgia, services 386000 user-entities, employs 1960 persons.



Food retail chain FOODMART was founded in 2013. Today the company is represented by 3 brands on the market: FOODMART, IOLI GASTRONOMIA and SPAR. Number of shopping centers amounts to 142 and the above mentioned brands operate in four largest regional centers: Tbilisi, Kutaisi, Batumi and Zugdidi. In June 2014, FOODMART signed a Licensing Agreement with SPAR International on the re-branding of all FOODMART and IOLI stores throughout Georgia. In 2016, for the first time in the history of Georgian retail market, with the company’s initiative, the first SPAR regional sub-franchise was opened. SPAR International is the largest chain of trading centers around the world encompassing more than 12,000 retail stores in 54 countries, including Georgia. Along with the wide chain of stores, the company “FOODMART” also possesses an enterprise with ultramodern equipment, providing both its own trading centers, as well as those of other partners’, for 24 hours around the country, with food products, confectionery, and bakery it produces. 1400 people are employed by the company. This number increases as the company grows.

TBC Bank


TBC Bank is a leading universal banking group in Georgia.  With an unmatched share of retail deposits at 33.3% and retail loans at 27.8%, it holds a second position in loans and assets with total market share of 27.% and 25.8%, respectively.
The bank serves around 1,200 thousand clients through a diversified multichannel platform that comprises 121 branches of TBC Bank and Bank Constanta, one of the largest network of ATMs and POS terminals in Georgia. It has approximately 49 00 employees, more than half of whom have been with the Bank for 4 or more years.
Over the years, we have received a number of prestigious industry awards, including being awarded as the Best Bank in Georgia by Global Finance magazine six times, also, six times nominated by The Banker and three times by EMEA Finance and Euromoney.
TBC Bank offers a wide range of banking products and services to its retail, corporate, SME and micro clients with the majority of its businesses concentrated in Georgia.



Tbilvino has been a leading producer of high-quality Georgian wines since its establishment in 1962. The company operates two wineries in Tbilisi and Kakheti, equipped with modern equipment which allows Tbilvino to produce 7.5 million bottles annually. Part of the grapes is harvested from its own 200 ha vineyards propagated in Kakheti region with drip irrigation system.

A team of experienced winemakers, indigenous Georgian grape varieties, a mix of modern and traditional fermentation methods allows Tbilvino to be unique in the creation of a wide range of wine styles. Tbilvino’s success is also strengthened by a number of awards received at prestigious international competitions such as Decanter, IWSC, IWC, MUNDUS VINI etc. Tbilvino's award-winning wines are recognized and enjoyed across the globe and appreciated by wine-lovers and professionals.

Tbilvino is oriented on constant development and innovation. The company prides itself on quality and is certified with ISO 22000 and ISO 9001 standards. The company is committed to further developing own vineyards, rediscovering unique Georgian grape varieties and preserving ancient local winemaking methods.



Tegeta Motors


Tegeta Motors is a Holding offering full range of auto products and services to corporate and retail customers. Tegeta Motors has 5 daughter companies: “Tegeta Truck and Bus” LLC (official representative of “MAN Truck & Bus AG"), “Tegeta Construction Equipment” LLC (JCB official representative), Tegeta Premium Vehicles (official representative of Porsche and Mazda), and a new daughter company “TOYOTA CENTER TEGETA” (official dealer of TOYOTA in Georgia). 

Tegeta Motors offers its customers diagnosing and repair of light and heavy vehicles, trucks, buses, construction and specialized equipment with the help of authorized programs. Nowadays the number of Tegeta Motors employees are more than 900 people. Tegeta Motors serves about 10,000 corporate customers and approximately 800 wholesale units, having sophisticated trading infrastructure represented in Tbilisi and all big cities of Georgia through 19 branches. Tegeta Motors is a leader of market in the field of provision of auto products and services. The company enjoys the same success at Caucasus market.

Tegeta Motors  represents in Georgia big and well-known companies such as Bridgestone, Michelin, Hankook, Varta, Exide, Optima, Shell, Motul, Meguin, Hengst, ZF Parts, Lemforder, Sachs, Philips, Bosch, BPW, Thermo King, Febi, Federal Mogul, etc.



Terabank plays an important role in the Georgian banking sector for over 18 years now. Focused on SME’s, owners and employees, terabank is a customer centric, boutique bank, providing exceptional customer experience.  Terabank aspires to be a bank of choice and a trusted partner for entrepreneurs, their employees, and their clients.

Terabank offers flexibility, personal service, and solutions to its clients in a “financial home” environment that gives rise to a place and a style of communication that is personal, close, non-intimidating and as comfortable for the customer as being at his/her own home.

Terabank offers a wide variety of financial services to its retail and business clients.  



JSC TERMA was established in 1997 and was the pioneer on Georgian HVAC market. Since the first day of operation the company strives to create a safe and comfortable environment for its customers.

The company provides Projection, Supply, Installation and Maintenance services of the following systems:

•           Heating

•           Ventilation

•           Air conditioning

•           Water supply

•           Fire protection

•           Security

JSC TERMA is always up-to-date with global industry trends and understands how crucial sustainability is for a business, therefore the company defined its strategic priorities:

•           More use of renewable energy;

•           Hybrid technologies;

•           Positive impact on the environment;

•           Energy efficiency and minimization of consumption costs.

Mission & Values

The Mission of the company is to provide its customers whether an individual or a large corporation with a relevant, unique, high quality and safe product, to ensure a constant integration of modern technologies and the best suppliers on the local market and thus deliver a safe and comfortable way of life.




The company Tourinvest was founded in 2008 and has been successfully operating on Georgian market for more than 10 years. The company has carried out a number of projects for the country and especially for the city Batumi that added significant value to Batumi as a tourist destination. About 600 employees are employed within the frames of the company’s investment and with the growth of the company, this figure increases every year.

One of the most important and distinguished projects of the company is the construction of high-class multifunction complex, which unites residential complex BelleVue Residence Batumi and five star Hilton Hotel. The project of these two buildings of a complex was created in the UK by the company - RTKL, with the involvement of British, Swedish and German specialists.

Construction of BelleVue Residence Batumi started in 2009 and was completed in 2015. The complex was built in full compliance with the international standards and satisfied all the obligations of the law that was launched after three years in Georgia. One of the most important advantages of the residential complex is the exclusive access to a five star Hilton Hotel infrastructure.

Tourinvest has invested in total about $ 200 million  in Georgia. BelleVue Residence and Hilton Batumi investment value is 130 million dollars. In addition, Tourinvest arranged one of the most popular tourist attractions of the city, the entertainment-cultural center Argo. The complex incorporates the ropeway connecting the city and mountain, Georgian restaurant, wine and souvenir shops. The company plans to develop more than 12 hectares of land owned by Tourinvest in the territory of Adjara in the near future.

Currently, the company works on setting up a boutique style hotel in the Cultural Heritage Building.

The goal of Tourinvest is to implement important projects for the development of the region, to establish high standards of doing business on the market and contribute to social responsibility for the city and its staff members.




Joint Stock Company Transmsheni is one of the leading companies on the Georgian market, which was established in 1929 in the Transcaucasian region for the purpose of construction of transportation facilities including railroad highways, branches and access roads. The main profile of the company is the construction of transport and infrastructure projects.

During its existence, Tranmsheni has brought together a variety of unique projects, participated in Millennium Challenge Program, as well as in the projects of the Ministry of Refugees and Accommodation of Georgia.

The main types of licensed works are: production of construction materials, construction of bridges and tunnels, construction of residential, civil and public buildings, construction of special facilities, design and construction of transport facilities, construction of engineering systems and communications.



With 21 years of experience and up to 350 employees UGT is the leading system integrator and solutions provider in the Georgian IT market. Our mission is to assist our customers in reaching their goals by providing them with information and telecommunications solutions based on modern technologies, products, and services. UGT primarily concentrates on providing services to corporate clients and the government sector.

UGT’s client list consists of more than 300 leading companies. Since its establishment UGT has become the business partner of more than 40 world leading IT companies.


VTB Bank


VTB Bank is a universal banking institution, which offers full range of the modern commercial banking products to its consumers. The Bank, as a member of VTB International Financial Group, offers a high standard of services to large companies, small and medium businesses and individuals. The important goal for bank is to offer exclusive high-tech product and modern remote service. VTB Bank has ranking from global ranking agencies: Standard & Poor’s ‘BB-/B’. The bank has 36 branch offices throughout the country.


Wissol Petroleum Georgia


The story of Wissol Group started 14 years ago with selling of oil products. Currently, Wissol is one of the largest business entities in Georgia that not only covers all areas of energy sector, but also has developed construction, advertising, hotel, chain of supermarket and American restaurants businesses. Daughter companies of Wissol include: Wissol Petroleum Georgia , Wissol Gas, Air Wissol, Car and tyre service chain Vianor Georgia, Wissol Gas Distribution Company, Real Estate Company MP Development, Advertising company Alma, Supermarket Chain Smart, Fast food restaurant chain Wendy's Georgia, American Restaurant Chain Dunkin’ Donuts Georgia, Fitness Center Laguna Kutaisi, Hotel Lomsia. International partnerts of the Wissol Group are:  BNP Paribas, Geneva, Societe General, Geneva, BCGE _ Banque Cantonale de Geneve, ATB - Amsterdam Trade Bank, EBRD - European Bank for Reconstruction and Development, OPIC - Overseas Private Investment Corporation, Hellenic Petroleum, Eko, Total, Chevron, Nokian Tyres, Vianor, Wendy’s, Dunkin’ Donuts.

Тbilisi Hills Golf & Residences


Tbilisi Hills Golf & Residences – real estate project that combines the first and only professional 18-hole golf course in Georgia and premium class residential properties. The whole area of the project is 331 ha, the area of the golf course is 110 ha. Tbilisi Hills offers over 350 villas, more than 70 semi-detached houses, few dozens of apartments building with up to 800 apartments and infrastructure objects. Tbilisi Hills Golf & Residences is a part of AS Skinest Group, that has been operating in Georgia since 2011 and includes other infrastructure projects: railway business area, hydro power stations.

By the end of the year Tbilisi Hills proudly announces finalizing construction of several initial private houses. In September 2018 sales of sector C were launched, 30% of which was sold and reserved.

Tbilisi Hills golf course is open and ready to host larger golf events and golf tourists from all over the world.