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Tag Archives: Georgian Railway

Georgian Railway Handled Record Volume of Containers in 1Q19

Georgian Railway transported 18 000 containers in the first quarter of 2019 and this is a record volume, up 31% compared to the first quarter of 2018. Moreover, growth was recorded in other directions too. As a result, Georgian Railway is regaining the 2015-2016 growth indicators. The growth is preconditioned …

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Georgian Railway Participated in European Railway Awards Ceremony

Director General of Georgian Railway Davit Peradze and Head of Corporate Management Department Nino Jorbenadze participated in the European Railway Awards ceremony held in Brussels and took part in the 63rd General Assembly of the European Railway Group. The Assembly discussed the issues related to the railway sector which will …

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Georgian Railway Expects Growth in Freight Turnover

In 2018, rail freight turnover decreased again and amounted to about 10 million tons, however, CEO at the Georgian Railway  David Peradze says that the declining trend slowed down and he expects freight turnover to grow in 2019. “The growth will be observed in dry goods turnover, namely coal, grain, …

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Memorandum Signed between Georgian Railway and Solidarity Fund

The Memorandum of Cooperation was signed between JSC “Georgian Railway” and Solidarity Fund of Georgia. The agreement includes monthly financial assistance of the fund. Donations will be made monthly from their salaries by initiative and willingness of the staff of “Georgian Railway” and administration staff. It is noteworthy that the …

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Memorandum of Cooperation Signed Between Georgia and Latvia Railways

David Peradze, General Director of JSC “Georgian Railway” and President of Latvian Railway, Edwin Berdin, signed a Memorandum of Cooperation in Riga, Latvia’s capital. The aim of the Memorandum is to develop bilateral cooperation between Georgia and Latvia railway and develop a preliminary framework agreement for the development of multimodal …

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Georgian Railway: The Worst is Behind

GR released poor FY17 audited results. On the back of the continued decline in freight traffic volumes, the top line decreased 6.8% y/y to US$ 173.2mn, from an already low base. According to G&T, on the positive note, logistic service and freight car rental revenue, together accounting for 20.8% of …

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Tbilisi Hosts International Conference of Argus Media

“Argus Caspian Black Sea Transport Corridor 2018” – the event was opened at Hotel “Biltmore” today. Davit Peradze, General Director of Georgian Railway, made a speech at the conference about following topics: * Cargo dynamics in the Caspian and Black Sea region; * Multi-modal international corridors, including so-called Middle corridor …

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Regional Factory of Swiss Company Stadler to be built in Georgia

Peter Spuhler, CEO of The Swiss company  Stadler is paying a visit to Georgia. The world’s leading train manufacturer company had a meeting with the Director General of “Georgian Railway” Davit Peradze and Vice-Mayor of Tbilisi Irakli Khmaladze. It was noted at the meeting that construction of Stadler’s regional enterprise will …

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Georgian Railway to Spend 10.5 million GEL on Safety Measures

Georgian Railway company plans to spend 10.5 million GEL on safety measures. The corresponding contract will be signed with LEPL State Security Special Service without tender. Under the agreement, State Security Special Service will safeguard facilities and material property of Georgian railway for a year, provide alarm system of ticket …

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Factors Influencing Performance of Georgian Railway

Most of the GR’s revenue (about 60 percent in 2017) is derived from freight transportation. Thus, the Group’s results are particularly sensitive to cargo flows, which mainly comprise transit shipments, which accounted for about 63 percent of freight transportation revenue in 2017. The transit transportation volume mainly comes from trade …

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Thomas Bareiss: Deutsche Bahn is Interested in Cooperation with Georgia

Parliamentary Secretary of the Ministry of Economy and Energy of Germany Thomas Bereiss made a special emphasis on the visit of the executive director of “Deutsche Bank” to the prospect of cooperation between “Georgian Railway” and “Deutsche Bank” . ”This will be very important move as Georgia, with its location, …

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Georgian Railway and Deutsche Bahn Officially Become Partners

Georgian Railway and Deutsche Bahn entered a new stage of cooperation. An agreement was signed by David Peradze, CEO of Georgian Railway and Alexander Doll, Member of the Board of Management for Freight Transport and Logistics at Deutsche Bahn, in Berlin which lays the foundation for future joint projects in …

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