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Economic Development needs the Investment Law activation.
Claims for activating investment to address the weakness of cash
05/02/2015
BAGHDAD / JD / .. Collect economists and specialists in the financial and economic affairs on that investment is the solution to address the economic deficit, which is twice the liquidity of the country, where the economic and investment commission in Parliament held a conference attended by a large number of officials and experts and specialists as well as the House of Representatives to address the economic situation and activate the side investment in various economic sectors.
The Chairman of the National Investment Commission Sami al-Araji, during the conference, five proposals to achieve a quantum leap in the investment sector, which includes solutions to the problem of land granted to investors and activation of the single window and follow-up of financial funding as well as the coordination between the local governments of the provinces and ministries on the subject of project grants for investment, as well as make some amendments to the Investment Law No. 13 of 2006.
The Deputy Prime Minister said Bahaa al-Araji was also at the conference on the importance of activating the investment side of various sectors of the economy, pointing out that the investment in Iraq faces many challenges, stressing that the recommendations of the conference comes out pushing the activation and development of investment in the country.
He says economist Hamid al-Moussawi, said the drop in oil prices and put the budget in an awkward pushing the government and parliament to compress expenditure to reduce the fiscal deficit position, makes it imperative for the government and parliament thinking diversified funding sources so that the future of the country is not located in an economic crisis for Athmd consequences.
He said al-Moussawi told / BD /: It should be enacted in the investment side in different sectors to ease the burden on the government, similar to some countries in the region Kqtaat industry, agriculture, tourism and even education, noting that the investment is the solution to address the economic deficit and weak liquidity in the country.
He called for the need to amend the Investment Law No. 13 of 2006 Brochure attract investors and is working to remove the challenges and obstacles that were an obstacle to investors.
He says the Commission services and reconstruction parliamentary member of Salem Mohammed told / BD /: that the reactivation of the investment side of various sectors of the economy is not only a need but an urgent necessity requires the government land suitable position to accelerate investment growth in the country, after the country suffering today from an economic deficit is weak in liquidity cash.
He added that a delegation of the committee visited a number of government ministries and institutions, including the Municipality of Baghdad to urge them to provide land for investors, but this process needs to be instructed by the government as well as the modification of certain paragraphs of the investment law, noting that the investment side exposed to great challenges, due to the old laws as well as the lack of seriousness of the investment body work, and rampant bureaucratic phenomenon in various state departments. / end / 8 /
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Claims for activating investment to address the weakness of cash
05/02/2015
BAGHDAD / JD / .. Collect economists and specialists in the financial and economic affairs on that investment is the solution to address the economic deficit, which is twice the liquidity of the country, where the economic and investment commission in Parliament held a conference attended by a large number of officials and experts and specialists as well as the House of Representatives to address the economic situation and activate the side investment in various economic sectors.
The Chairman of the National Investment Commission Sami al-Araji, during the conference, five proposals to achieve a quantum leap in the investment sector, which includes solutions to the problem of land granted to investors and activation of the single window and follow-up of financial funding as well as the coordination between the local governments of the provinces and ministries on the subject of project grants for investment, as well as make some amendments to the Investment Law No. 13 of 2006.
The Deputy Prime Minister said Bahaa al-Araji was also at the conference on the importance of activating the investment side of various sectors of the economy, pointing out that the investment in Iraq faces many challenges, stressing that the recommendations of the conference comes out pushing the activation and development of investment in the country.
He says economist Hamid al-Moussawi, said the drop in oil prices and put the budget in an awkward pushing the government and parliament to compress expenditure to reduce the fiscal deficit position, makes it imperative for the government and parliament thinking diversified funding sources so that the future of the country is not located in an economic crisis for Athmd consequences.
He said al-Moussawi told / BD /: It should be enacted in the investment side in different sectors to ease the burden on the government, similar to some countries in the region Kqtaat industry, agriculture, tourism and even education, noting that the investment is the solution to address the economic deficit and weak liquidity in the country.
He called for the need to amend the Investment Law No. 13 of 2006 Brochure attract investors and is working to remove the challenges and obstacles that were an obstacle to investors.
He says the Commission services and reconstruction parliamentary member of Salem Mohammed told / BD /: that the reactivation of the investment side of various sectors of the economy is not only a need but an urgent necessity requires the government land suitable position to accelerate investment growth in the country, after the country suffering today from an economic deficit is weak in liquidity cash.
He added that a delegation of the committee visited a number of government ministries and institutions, including the Municipality of Baghdad to urge them to provide land for investors, but this process needs to be instructed by the government as well as the modification of certain paragraphs of the investment law, noting that the investment side exposed to great challenges, due to the old laws as well as the lack of seriousness of the investment body work, and rampant bureaucratic phenomenon in various state departments. / end / 8 /
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