Head Of EBRD Visits Veyseloglu Group Of Companies (PHOTO)
Date
9/13/2022 7:17:42 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 13. President of
the European bank for Reconstruction and Development (EBRD) Odile
Renaud-Basso held a meeting with Veyseloglu Group of Companies
(VGC) during her visit to Baku. Ms Renaud-Basso, who's touring the
South Caucasus, had a discussion with the company's top management,
and also paid a visit to 'Ulduz' chocolate factory.
Veyseloglu Group of Companies has been supported by the EBRD
since 2008. Thanks to this partnership, Veyseloglu Group of
Companies secured funding to pursue several of its successful
business projects. In particular, the Group improved and expanded
its chocolate producing facility adding four new production lines
in 2016. EBRD has also funded the expansion of the Group's modern
logistics facility which is considered one of the largest in the
South Caucasus.
A member of Veyseloglu Group of Companies' Supervisory Board,
Natavan Ibrahimova, said:“We've had a meaningful and fruitful
partnership with the EBRD over the years which we're determined to
maintain and even expand in years to come. We're genuinely honoured
that Ms Renaud-Basso came to visit us to talk about the Group's
recent achievements and future business aspirations”.
This is President Renaud-Basso's first in-person visit to the
region since assuming office in late 2020. Prior to her departure,
Ms Renaud-Basso said:“I am very much looking forward to visiting
the Caucasus, where the Bank has achieved some remarkable results
during its 30 years of operation”.
Veyseloglu Group of Companies (VGC), founded in 1994, has
established itself as one of Azerbaijan's leading FMCG groups with
12 various businesses, including two known retail chains in the
country, and distributing over 4 thousand types of products. It has
grown into a multi-faceted business encompassing various areas of
the supply chain, from production, to distribution, to logistics,
to direct interaction with customers through its retail chains.
With over 19,300 staff members across Azerbaijan and neighbouring
Georgia, VGC genuinely believes in generating value for all the
stake-holders, including the communities it operates in. In 2022
Veyseloglu Group of Companies won Deloitte's Best Managed Companies
business award in Azerbaijan.
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