17:18 - 11.12.2024

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December 11, Fineko/abc.az. Caucasus Industrial & Trade Group LTD sharply reduced its authorized capital.

ABC.AZ informs that the company decreased the authorized capital by 430,000 manats.

Thus, CITG lowered its authorized capital from 530,020 manats to 100,020 manats.

The company was founded in Azerbaijan in 2018. The company sells agricultural machinery and equipment.

CITG, the official representative of well-known manufacturers of agricultural machinery in China and India, has offices in Germany, Iran and Turkey.

The company created national brand Azartrac in 2021. In connection with the construction of a plant for production of all types of agricultural machinery under Azartrac brand, the company was allotted a site in the Masalli industrial zone.