Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Iraq is losing 13 trillion dinars because of his companies losers

    day dreamer
    day dreamer
    day dreamer
    Interacting Investor
    Interacting Investor


    Posts : 3197
    Join date : 2012-12-19
    • Post n°1

    Iraq is losing 13 trillion dinars because of his companies losers Empty Iraq is losing 13 trillion dinars because of his companies losers

    Post by day dreamer Sun 19 Oct 2014, 7:25 pm

    20/10/2014 (00:01 pm) - The number of readings: 47 - Issue (3196)


    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]Iraq is losing 13 trillion dinars because of his companies losers [/ltr]


    BAGHDAD / Ibrahim Ibrahim


    [ltr]Economists called to the necessity of activating the roadmap put forward by the government years ago for the advancement of industrial companies, which represent the main pillar in the movement and the recovery of the local economy, stressing that the experience of the rehabilitation of major projects, including cement plants are considered successful by all standards and can be applied to the rest of the loss-making projects.
    The economist said Bassem Jamil Anton in an interview for the "long", that "the state-owned companies almost stalled for nearly two decades because of the economic blockade in the nineties of the last century as well as the looting witnessed by the country after 2003, what made this industrial projects losing the privilege" .
     He added that "76 facility containing approximately 250 plants in different production lines that represent the daily goods for the Iraqi people is a semi parked and need for real plans for the advancement of their betterment deteriorating for years."  Anton explained that "the successive Iraqi governments after 2003 spent since 2004 to 2011 nearly 13 trillion dinars for the salaries of employees unemployed belonging to the loss-making companies do not produce anything," he recalls.
    He said the "government has developed a program launched by the (road map) to bring life to its industrial classified according to the vision whereby factories into several categories to turn either to the entire privatization or sale are some of them or rehabilitated by turning them into joint-stock companies."
     He stressed that "the plan developed by some industrialists who represent the private sector is the closest to the application where identified specific steps to restore life to a number of industrial companies the government according to data take into account some important aspects and economic rehabilitation process notably over the productive capacity owned by the company in addition to the availability of raw materials Dakhla product industry and its competitiveness with imported goods, and the choice fell on the cement industry, which is considered the most popular today. "
    He pointed out that "the provision of financial support to bring life to these companies can not only be done through the establishment of a private bank reconstruction process of industrial enterprises owned by the government with a capital of great offers certified according to bank guarantees."
     And exposed Iraqi industry in 2003 to the biggest looting and destruction in its history as it did not pass hours after the fall of Saddam Hussein's regime in the ninth of April 2003 even began the biggest theft in the century, the modern state factories and laboratories that lasted for weeks in making the most of the industrial enterprises Iraqi mere iron structures and some are turning to the land barren after completely looted.
    In spite of the attempt to the Iraqi government to rehabilitate and revitalize the Iraqi industry over the past years through the allocation of funds and loans to help the Iraqi Industrialists, they have not achieved significant progress, the continued decline in the level of processing of electric power, which represents the nerve basis for any industry, as well as the inability of Iraqi products to compete with products But rarely imported because of the lower their price and quality.
    In turn, the economic expert said Abbas Bahadeli "long", the "idea of ​​creating a special government fund for the advancement and rehabilitation of state-owned companies which are lost due to negligence, which hit during the recent years."
     He added that "direct financial support for companies of government is the biggest constraint, which faced the process of development and the advancement of their betterment, where it needs a lot of money for the purpose of restructuring and increase its production capacity."
    He explained Bahadeli that "the process of rehabilitation of state-owned companies and affiliated factories require an integrated plan be supported financially in accordance with the laws of the most important multi-customs tariff law and consumer protection in addition to the pension law, which provides real guarantees for its staff after long service."
     He stressed that "most of the industrial projects of the government was created 30 years ago or more, so you need today to the process of comprehensive rehabilitation for their production lines and supply advanced technology that contribute to raising production capacities and then create a cycle of capital between the company and the fund, which will recover the amount of money made by the company's profits" .
     He pointed out that "the rehabilitation process can not be carried out for all companies at one time, but are divided according to their importance and the quality of the product and the extent of the profits that accrue to an agenda that must be classified on the basis of state-owned companies according to specific time periods."
    There are in different cities of Iraq as a parameter coefficient governmental Off paper, iron and steel, petrochemicals after the cessation of production units as well as fertilizer plants exposed to destruction due to wars or obsolescence of its equipment.
    The Association for the Development and the development of industry and commerce in Iraq criticized, earlier, lack of state support for the industry and trade sector and open the doors of import wide, causing damage to the product nationally and loosing competitiveness, as they believed that the scarcity of electricity, fuel and not keep up with the Angels national global developments and the lack of laws appropriate most important factors in the decline of Iraq industrially and economically, confirmed its quest to detect areas ready for industrial investment and help stimulate foreign and Arab companies to invest jointly with Iraqi investors, and to find the sources of industrial and commercial non-oil.
     It is noteworthy that Iraq has witnessed a year after 2003, a state of openness without restrictions on the world led to flood the local market with goods from around the world unchecked, as well as a decline in domestic production and public sectors as a result of the security chaos and the scarcity of Snap and fuel, failed efforts government agencies concerned, so far, including standardization and quality control and the ministries of environment and health in the face of the flood of shoddy goods, despite the efforts made in this regard.



    [You must be registered and logged in to see this link.][/ltr]
    • Back to top
      Current date/time is Thu 18 Apr 2024, 10:25 pm