Araji: Iraq is suffering from a financial crisis and not economic and government is determined to facilitate investment

[yota691]

Araji: Iraq is suffering from a financial crisis and not economic and government is determined to facilitate investment

History of edits:: 05/04/2015 22:47 • 84 visits readable

{Baghdad: Euphrates News} Deputy Prime Minister Bahaa al-Araji said that the experience of the investment were not required during the previous years level noting that "Iraq is suffering from a financial crisis, not economic, and the government is determined to facilitate the work of the investment companies in the country.

He said al-Araji, "during a speech on Sunday, during the signing of public infrastructure of the city of the new draft Basmajh between South National Investment Commission and the Korean Hanwha Corporation ceremony" that investing experience were not required level during these years, and why was not the part of the body, the latter worked all their efforts to provide what can be provided, but the reason for the existence of the complexities in the Empty law and conditions experienced in Iraq and the region. " 
He pointed out that "the crisis has always made ​​states, so some may refer to the crisis faced by the region, especially in connection with the decrease Oil prices it real crisis will affect the Iraqi economy, but we say that the Iraqi economy is not affected by this and a lot of experience, although we may be in front of and not economic, and this crisis is that we think about finding alternatives financial crisis, and at the forefront of these alternatives that made ​​the Iraqi government in its priorities is to invest, and for this we are seeking that investment does not have a slogan as it was in the previous phase also will not be so complicated, and there is a paragraph in the budget law for this year will allow all ministries, agencies and provinces to contract with the private sector exemption from the laws. 
"He and two weeks ago, the Council of Ministers approved the important decisions pertaining to the investor, and especially in the field of oil and energy, such as removing the medical tests that are imposed on workers and investors and facilitate access {Visa} visa, as we send out the Iraqi embassies outside country to grant access to investors visa, as well as a mechanism for non-disabled transactions in customs, to the end of many of the procedural matters that were hampering the investment process. " 
and concluded by saying, "We are reviewing all investment contracts signed by the Iraqi side with the companies, and there will be an assessment of the work and subsequently the government will provide all the facilities necessary for the sustainability of dealing with companies that will stand with Iraq in the re-construction and reconstruction process ".anthy

 

[one2one]

great news -" Iraq is suffering from a financial crisis " 

 

no RV tomorrow i guess--hopefully next week

[Wiljor]

Perhaps they are suffering from a liquidity crisis, not necessarily a financial one and that is good news for us.

[sandfly]

THANKS