The fact is that the aforementioned company purchased a 4,946 sq. m. non-agricultural land plot and buildings on it in the village of Anaklia, Zugdidi Municipality, at an auction announced by the National Agency for State Property in 2020 for 5,001 GEL . According to the investment obligations included in the auction, it was supposed to build a hotel complex with an investment of at least 5 million GEL within 48 months from the conclusion of the contract, that is, by October 30, 2024, however , as it turns out, the company failed to meet the deadlines.
the company's deadline for fulfilling its privatization obligations was extended by one year, until October 30, 2025. In addition, LLC "VM Industry" is obliged to submit at least 5% of the investment specified in the australia business fax list agreement concluded in 2020 in the form of an unconditional and irrevocable bank guarantee, which will be used to fulfill the privatization conditions, as well as to pay a fine in case of violation.
The company must also pay a fee of 32,936 GEL, as determined by law, for changing the privatization conditions. According to the public registry, "VM Industry" was registered at the end of 2018. Its 50% share is owned by Vladimir Pangania, and the other half by Lina Ma. The company's management positions are also held by shareholders. V M Industry Privatization Similar news 64983426b0537 The privatization plan cannot be implemented with the state budget - how much money has been allocated to municipalities? 16:48 - 25.
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