Under the updated conditions

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12.24 17:31 • 516 By the government decree of December 26, changes were made to the privatization conditions of the state property purchased by Kakheti Traditional Winery LLC at the 19th km of the Mtskheta-Stepantsminda-Larsi highway in Dusheti municipality. In particular, the Government's Decree No. 878 of May 16, 2014, on the basis of which KTW purchased 1929 sq. m. of land and the buildings located on it for 6,500 GEL in the form of a direct sale, stipulated that the construction of the tourist service complex should be completed, put into operation and begin operating within 18 months from the date of signing the agreement, for which KTW should have invested at least 1 million GEL, however, the company violated the deadlines.


, KTW has a deadline of December 31, 2026 to complete the construction and put the complex into operation, for which it must spend at least 1,150,000 GEL. In addition, the company is obliged to submit an unconditional germany business fax list and irrevocable bank guarantee of 115,000 GEL for the payment of the fine imposed for the fulfillment of the privatization conditions and violation of the initial agreement.


KTW must also pay a fee of 10,960 GEL, as determined by law, for changing the privatization conditions. Kakhetian traditional winemaking KTW Privatization Similar news 64904b6c5d0c9 1.3 million euros allocated for the development of green hydrogen consumption 16:31 - 19.06.2023 V M Industry The government extended the deadline for the investor to build a hotel complex in Anaklia - decree 20:15 - 31.