EUGBC

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European Company on Georgian insurance market – “Euroins Georgia” offers EUGBC members the special exclusive life insurance. 

EUROINS Group is the largest on the East European market and Considering Georgian Branch which was opened recently, it is operating in 10 States. The number of its clients exceeds 2 million persons and yearly turnover is up to 600 million euros.
Company is oriented toward implementation of European standards on Georgian insurance market and do hope that European level of our service will attract your attention and it will put mutually beneficial ground for the future cooperation.

By clicking here -> please find the presentation of the company

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Chambers and Partners, the most renowned global legal directory, has yet again recognized Mgaloblishvili Kipiani Dzidziguri (MKD) as one of Georgia’s top law firms.

The Chambers Europe Guide ranked MKD for its expertise in the fields of general business law and dispute resolution.

Praising MKD’s general business law practice, Chambers Europe notes that the firm is a ‘solid team with a proven track record in handling market entry and exit issues, M&A and financing transactions, and general commercial advice. Often instructed by private investment funds. Also acts for global companies operating in regulated sectors as well as developmental banks. Well experienced in handling capital markets mandates. Noted for its track record in advising clients from the energy, construction and pharmaceutical sectors. Frequently works in co-operation with international law firms.’

According to the guide, MKD’s availability and clear communication are highly appreciated by its clients, who praise the firm’s ‘practical advice and quick response’ and describe it as ‘one of the best choices in Georgia.’ The guide also notes MKD’s competence in dispute resolution, describing the firm as ‘a solid practice noted for its high visibility on international arbitration cases. Often hired as local counsel by international law firms to assist with Georgian aspects of international disputes. Regularly advises on debt recovery and also handles enforcement proceedings, corporate, real estate and financial disputes. Routinely represents key players from the transportation and energy and natural resources sectors.’ Continue reading


On March 19, 2019 EU-Georgia Business Council organized the next in turn meeting between EU Commissioner for Trade, Ms. Cecilia Malmström with Businesses. 

Attendees were addressed by the Secretary General of the EU-Georgia Business Council, Mr. Zviad Chumburidze, Ambassador of the European Union to Georgia, H.E. Carl Hartzell and Minister of Economy and Sustainable Development of Georgia Giorgi Kobulia.

The meeting was attended by more than 130 participants representing Business sector, Business Support Organizations, as well as Diplomatic Corps accredited in Georgia. Founders of successful and export-oriented Georgian companies spoke about perspectives and challenges for entering the EU Market. The Head of the Regional Representation of the European Investment Bank in South Caucasus, Mr. Maciej Czura, presented technical tools supported by the European Bank for the purpose of strengthening the private sector through effective financing. After the presentations the meeting continued in Q&A mode. During the meeting EU-Georgia Business Council announced about launching of the a new project titled “Georgian Women Winemakers”.

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Euroins Insurance Group – one more remarkable new Corporate Member of EUGBC 

Insurance Company IC group has become a member of EUROINS GROUP, one of the major insurance companies in Eastern Europe. On October 23, Assen Milkov Christov, the Chairman of the Supervisory Board of EUROINS GROUP, Kiril Ivanov Boshov, CEO, Vasil Stefanov, Mergers and Acquisions Director, and Willem Jacob Westerlaken, member of the Supervisory Board of IC group visited Georgia to take part in the special meeting of shareholders.
IC group will now operate under the name of Euroins Georgia and will fully implement the practices of European Insurers, international experience and up-to-date European insurance system, which will be adapted to the local market.

• About Euroins Insurance Group

Euroins Insurance Group (EIG) is one of the largest independent insurance groups operating in the CEE and SEE insurance markets. The company is focused on providing a full range of insurance products in the areas of general, health and life insurance. Bulgaria-based group operates in 8 European countries and owns insurance subsidiaries in four of them – Bulgaria, Romania, FYROM and Ukraine. The insurance group has been operating in Greece since 2014. It has over 2.5 million clients and 1600 employees. Annual turnover of the group is about half a billion EUR.
In 2017, the international credit rating agency Fitch assigned Euroins Romania, the largest company within EIG, an insurer financial strength (IFS) rating of ‘BB-‘ with stable outlook. EIG is a subsidiary of Eurohold Bulgaria – a leading Bulgarian company, listed on BSE-Sofia and WSE. Eurohold Bulgaria operates across the CEE and SEE, focused on non-banking financial services and asset management. For more information visit the website: www.eig.bg  Continue reading