BAKU, Azerbaijan, August 18
By Tamilla Mammadova – Trend:
Registered in Batumi Marine Techservice Ltd was purchased by Georgia Ltd. for 1.70 million lari ($547,064) within the "100 Investment Offers to Business" program, Trend reports via Georgian media.
The main activity of the enterprise is repair and maintenance of vessels, hydraulic equipment, cranes in the ports of Georgia. Marine Techservice Ltd also provided services to foreign vessels cruising to the ports.
The company bought 8,835 m2 of non-agricultural land and the buildings located on it without conditions.
As of April 1, 2021, the assets of the company stood at 1.70 million lari. Liabilities amount to 5,522 lari ($1,776) and the company’s capital made 1.70 lari.
The project "100 Investment Offers to Business" has been operating in the country since November 2019. It provides for the simultaneous holding of one hundred parallel auctions and the privatization of state property according to a simplified procedure.
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