The Belgian Joint-Stock Company in Georgia

The Belgian Joint-Stock Company began operations in Tbilisi in 1900. The company's initial capital amounted to 9.5 million francs, and its reserve capital was 755 936 francs. The company signed an agreement with the city's local government, under which an 11.5 km section of the “Konka” cable car line was to be electrified, and the length of the tram lines was to be extended by 10.5 km. To ensure the continuous operation of the trams, the company set up workshops (depots) where trams were repaired. Some of the trams and their supporting factories were electrified. By 1913, the number of workers at the company's trams and supporting factories exceeded 1200.

The Belgian Joint-Stock Company gradually expanded its operations. By 1913, the company’s turnover reached 30 million francs. It operated the Tbilisi tram system until 1915, when the Tbilisi local government bought the tram lines and the park.

The Belgian Joint-Stock Company also owned the "Tbilisi Electric Funicular Company," founded by Belgian engineer A. Roby. However, when the company realized that the Tbilisi funicular was unprofitable, it severed its ties with the funicular's company.

N. Shioshvili