Statement of the Business Association of Georgia Regarding the Passing of Temur Ugulava

22 Jun '26

The Business Association of Georgia expresses its deep sorrow over the passing of an outstanding Georgian businessman and the founder of our member company "Adjara Group," Temur Ugulava.

Temur Ugulava was one of the most prominent representatives of modern Georgian business, having made an exceptional and invaluable contribution to establishing modern standards in Georgia’s hospitality, tourism, and urban development sectors.

His vision, innovative approach, and bold projects became an integral part not only of successful business endeavors, but also of the country’s cultural and economic transformation. The name of Temur Ugulava is associated with numerous internationally acclaimed projects that proudly put Georgia on the world map, strengthened the country’s investment and tourism appeal, and established a new benchmark of quality in business development.

Temur Ugulava was distinguished by his creative thinking, high professionalism, and dedication to values that serve progress and development. His work and legacy will continue to inspire future generations for many years to come.

His passing is an immense loss not only for the Georgian business community, but for the entire country.

The Business Association of Georgia extends its heartfelt condolences to Temur Ugulava's family, loved ones, friends, and every employee of "Adjara Group." In these difficult moments, we share their pain and pay tribute to the memory of a person who left a significant mark on the modern economic and social development of Georgia.