Georgia is a country located at the crossroads of Europe and Asia, and it has been attracting foreign investment for decades. In recent years, the country has become an attractive destination for businesses looking to expand into new markets, thanks to its strategic location, skilled workforce, and favorable business environment.
In this article, we will take a closer look at some of the top companies in Georgia and what makes them stand out from the competition. We will also provide insights on how to identify and approach these companies if you are looking to do business with them.
1. Georgian Oil and Gas Corporation (GOGC)
The Georgian Oil and Gas Corporation (GOGC) is one of the largest oil and gas companies in Georgia, with a market capitalization of over $3 billion. The company was established in 2005 and has since become a key player in the energy sector in the country.
GOGC’s main activities include exploration and production of oil and natural gas, as well as refining and distribution of petroleum products.
GOGC has been investing heavily in modernizing its operations and expanding its production capabilities. In 2018, the company completed the construction of a new oil refinery with a capacity of 300,000 barrels per day. This project was financed through a combination of private and public sector funds, including investments from international partners such as BP and Eni.
2. Tbilisi Energy Company (TEC)
The Tbilisi Energy Company (TEC) is another major player in the energy sector in Georgia. The company was established in 1993 and has since become one of the largest distributors of electricity and natural gas in the country.
TEC’s main activities include production, distribution, and sale of electricity and natural gas to customers in the Tbilisi region.
In recent years, TEC has been focusing on modernizing its infrastructure and expanding its customer base. The company has invested heavily in renewable energy sources, including solar and wind power, and has also been working to increase the use of natural gas as a cleaner alternative to traditional fossil fuels.
3. Bank of Georgia (BOG)
The Bank of Georgia (BOG) is one of the largest banks in Georgia, with a market capitalization of over $1 billion. The bank was established in 1994 and has since become a key player in the financial sector in the country.
BOG’s main activities include providing banking services to individuals and businesses, as well as investing in various sectors such as real estate, construction, and retail.
BOG has been expanding its operations in recent years, particularly in the areas of digital banking and lending to small and medium-sized enterprises (SMEs). The bank has also been working to increase its presence in international markets, with branches in Russia, Azerbaijan, and other countries.
4. Georgian Post
The Georgian Post is one of the largest postal services providers in Georgia, with a market capitalization of over $50 million. The company was established in 1846 and has since become an essential service for individuals and businesses in the country.
Georgian Post’s main activities include delivering mail, parcels, and other packages to customers across the country.
In recent years, Georgian Post has been investing in modernizing its operations and expanding its services. The company has launched new products and services such as online payment and delivery of e-documents, as well as increasing its focus on sustainability and environmental protection.
5. Kartuveli Airport
The Kartuveli Airport is one of the largest airports in Georgia, with a capacity of over 3 million passengers per year. The airport was established in 1972 and has since become an important gateway to the country, particularly for international visitors.
