Bribes and austerity being forced businessmen to emigrate from Dhi Qar

Bribes and austerity being forced businessmen to emigrate from Dhi Qar


Dhi Qar / Hussein factor

He warned businessmen and government officials in Dhi Qar, of the growing phenomenon of migration of capital and the transfer of economic activity for business and local companies out of Iraq, while attributing the reasons for this to the financial crisis in the country, and the lack of a secure environment for the protection of the investor. The Second Vice-President of the Federation of businessmen Dhi Qar, Adel Al Thamer Rumaidh, in an interview (term), " The financial crisis has left a tragic impact on the economic situation in the province, and disrupted many of the joints of economic activity . Most turned off its companies currently as a result of not firing advances and financial receivables of companies and contractors implementing government projects that have been arrested as a result of the work of the crisis. "
He added Rumaidh, to "disrupt the work of companies and laboratories, taking reflected negatively on the overall economic activity in the province, which effect is clearly, on the movement of buying and selling labor and sectors of the transport market in the local markets , " pointing to "stop more than 400 plant and a contracting company for work, including construction companies, laboratories and bricks and asphalt plants Concrete Block and Kashi and industry. "
For his part, said member of the Board of Directors of the Federation of Businessmen in Dhi Qar engineer Mohammed al- Battat, (range), that "quite a few businessmen in Dhi Qar, were determined to travel, work and employ their money investment projects, out of the country so as to the existence of a secure environment healthy work and investment , which is currently missing in Iraq , "noting that" investment in Iraq is complex and confusing , and sometimes the process, cause the loss of time and money, and this is what made investors reluctant to apply for the offered investment projects by the investment Authority. "
He explained Battat, that "some staff in government departments who Iromon to obtain material benefits from the investor often, the resort to disable special approvals of the investment project of administrative procedures for the purpose of extortion and bargaining and to achieve deals personal corruption on the project account , " adding that " the investor who does not pay money to the corrupt official, hang his work, and pays all Ttsel actions in front of him. "
In turn Kazem Hussein Jaber, said a businessman, said that " the Iraqi investor did not find the safe environment necessary for its funds and investments and the facilities required protection, it will resort to migrate to countries that provide the important conditions for the success of the investment process , " noting that "many of the investors and the owners of capital and businessmen, to have emigrated to Jordan, Lebanon, Dubai, Iran, Egypt and other European countries, as a result of security conditions and the lack of an appropriate environment for the development of investment activity in Iraq. "
While Raad Abdul Razak Abboud Jazea says, the owner of the company, said that "investment activity requires attracting investment and suitable environment exceeded the routine administrative and bureaucratic factors, but what we see is the lack of cooperation and facilities that encourage investors to invest in the governorate , " pointing out that "the licensing procedures the investor in Iraq, now takes more than one year or even two and three, to complete this disabled investment basis, while other countries, full facilities for investors offering, to inject more money into the arteries of the economy in their countries. "
Chairman of the Economic and Finance Committee in the province of Dhi Qar Engineer Rashid Saray, said in an interview (range), that the "economic movement almost stagnant in Dhi Qar province, as a result affected by the current financial crisis experienced by the country, especially after a stop about 400 government project in various service and development sectors. "
He pointed Serail, to "economic fallout from the government projects stopped, which resulted in the stoppage of work hundreds of companies and the loss of more than 50 thousand workers for jobs, as well as affected by important economic activities in the province 's economy as trade of construction materials and the coefficient of bricks and the movement of the transport labor market as a result stopped these projects" , calling for "creating financial and banking system to support investors and encourage them to invest in investment opportunities by giving them loans or enter as a partner with the investor in the investment projects."
However , Chairman of the Economic Committee, said that "85 percent of the investment projects in Dhi Qar, concentrated in the housing projects are incomplete and there is no real investment meets the need to maintain the local population of investment projects , " noting that the Economic and Finance Committee in the province, already submitted wide study in this area and diagnosed with disabilities and suggested solutions that they deem appropriate, however, is still the problem of the investment Authority list as a result of the lack of agreement on the alternative selection of the current body and this is exacerbated by the investment problem. "
the businessmen of Dhi Qar province of the Union, announced on Sunday (March 5 2017), for the bankruptcy of 50 % Of the province companies concerned services and development sector, as a result of the financial crisis and the reluctance of the central government in the financial dues exchange, confirming offering many of the owners of those companies, to the crises of severe psychological leaders to commit suicide for the accumulation of debt on their companies. While the government 's economic committees accused the referral of the winner of the points of projects political.
the estimated number of projects stopped as a result of the financial crisis in the province of Dhi Qar 444 projects spread over 22 sectors Khaddmaa and developmentally.
the governor of Dhi Qar Yahya Baqer al- Nasseri confirmed, in the (June 14 2015), that the financing of preservation projects and the plan adopted in this area require B more than 800 billion dinars in general, and as pointed out that debts due and payable on what has been accomplished phases of the work of the projects mentioned requires more than 115 billion dinars.
And carrying the governor of Dhi Qar , Yahya Mohammed Baqir al - Nasseri, in the 23 of the current March, the Ministry of Finance stopped government projects and the deterioration of economic conditions for their workers, and while pointing out that the launch of the province 's budget was delayed, amounting to 200 billion dinars , caused the interruption of most projects, companies called for cooperation with the province to overcome the crisis.
Iraq is suffering from a severe financial crisis as a result of the deterioration of oil prices, the war waged against terrorism, which forced him to take a series of austerity measures, and to resort to borrowing from the state authorities, particularly the IMF and the World Bank
International.

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