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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

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Established in 2006 as a Community of Reality

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    Parliamentary rejection of the sale and privatization of Iraqi government factories

    Rocky
    Rocky
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     Parliamentary rejection of the sale and privatization of Iraqi government factories Empty Parliamentary rejection of the sale and privatization of Iraqi government factories

    Post by Rocky Mon 11 Mar 2019, 7:20 am

    [size=32]
    Parliamentary rejection of the sale and privatization of Iraqi government factories[/size]
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     one hour ago




    The Iraqi parliament MP Mazen al-Faily on Saturday rejected the steps to sell and privatize state-owned enterprises, as they are being overwhelmed by "large" funds that the state has spent on its production lines.

    Al-Faily said in a statement today, "We reject the steps to sell state-owned factories under the title (privatization) and the abandonment of state funds spent on the production lines of those factories and infrastructure, and this entails a threat to employees to disengage from work as traders and businessmen limit their thinking elements Personal profit and do not care about the fate of the employees of those factories and laboratories. "

    "Strangely, in these steps, it gives factories and profitable companies with production lines and full infrastructure for investors (privatization) without spending anything on them," he said.

    "These trends raise doubts about the existence of hidden deals between traders and owners of capital and influential officials who benefit from these decisions harmful to the national economy and cadres and long experience."

    He pointed out that "the right direction to support the national industry and its contribution to maximize the revenues of the state is through the investment of the same companies affiliated to the Ministry of Industry and support with advanced equipment and modern production lines to be able to provide a national product that supports the budget revenues and provides employment opportunities for young people.

    He added that "the requirements of the independence of the national economic decision to develop national industries and products to constitute an alternative to the import and the need for foreign countries of basic goods and supplies for the market and the Iraqi citizen," Surprising that "the proportion of profits allocated to traders involved in the privatization of these factories exceed two-thirds of profits and what remains of the state "He said.

    "The investment that can be accepted is that the investor will bear the construction of infrastructure and supply of production lines for the industrial project and the intervention of state companies with him on the basis of giving him the opportunity and land necessary for the establishment of the project and facilities required for the construction of the project."


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