Tekfen's revenues in Georgia increased much

12:47 - 24.06.2024


June 24, Fineko/abc.az. The revenues of SOCAR and AZFEN, a joint venture of Turkish company Tekfen, from activity in Georgia have increased dramatically.

ABC.AZ reports that JV’s income in this country in 2023 amounted to 10.422 million manats. This means that at the current exchange rate (USD/AZN – 1.7), in terms of the US currency, this is $6.131 million.

This is an increase of 6.933 million manats, or 3 times compared to last year.

According to the data registered in 2022, the JV earned 3.488 million manats from its work in Georgia.

AZFEN LLC provides workshop and construction services for the region, repair services for workshop, installation, construction, instrumentation and electrical equipment in Georgia.