Brief: Gersan Elektrik Receives Investment Incentive Certificate Until Jan 20, 2023

Gersan Elektrik Ticaret ve Sanayi

11/02/2020 11:46

Feb 11 (Reuters) - GERSAN ELEKTRIK TICARET VE SANAYI AS
 GEREL.IS :
    * RECEIVES INVESTMENT INCENTIVE CERTIFICATE UNTIL JAN 20,
2023
(NOT UNTIL MARCH 2020)
    * PLANS TO INCREASE PRODUCTION CAPACITY FOR FACTORY IN
ZONGULDAK
WITHIN INVESTMENT INCENTIVE CERTIFICATE
    * SAYS INVESTMENT INCENTIVE CERTIFICATE INVOLVES CUSTOMS
DUTY
EXEMPTION, VAT EXEMPTION AND 70% TAX EXEMPTION
    * SAYS FOREIGN INVESTORS TO PAY FOR TOTAL INVESTMENT COSTS
WORTH
17.5 MILLION LIRA FOR CAPACITY INCREASE

Source text for Eikon:  ID:nIKA9pdm2b 
Further company coverage:  GEREL.IS 

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