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Enterprise Georgia

Government Strips 13 Companies of Property for Failed Obligations

Government has stripped 13 companies of property because of failed obligations that companies had assumed as part of Enterprise Georgia state program.

These companies are as follows:

1. LLC Khevi
2. LLC Tsalka Dairy Products
3. LLC X Style
4. LLC Healthy Water+
5. LLC Tsalka Agro
6. LLC Imedi
7. LLC Abasha Dairy Plant
8. LLC Solidorti
9. LLC MG Plastic
10. LLC Sharko
11. LLC Areanvedza
12. LLC AiaLama
13. LLC NHL 43

As reported, Government launched Enterprise Georgia program several years ago with the aim to promote entrepreneurship development. As part of the project Government hands over property to companies for 1 GEL. As of May 1, 2018 Government has approved 363 projects in industry, agriculture, hotel and property management fields. Total amount of investments exceeded 880 million GEL and number of employed citizens exceeded 14 000 ones.