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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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    Foreign businessmen: the policy of openness in our easy to make despite the bureaucracy

    Hkp1
    Hkp1
    Hkp1
    Interacting Investor
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    Posts : 3118
    Join date : 2012-12-20
    • Post n°1

    Foreign businessmen: the policy of openness in our easy to make despite the bureaucracy Empty Foreign businessmen: the policy of openness in our easy to make despite the bureaucracy

    Post by Hkp1 Sun Jun 23, 2013 1:04 pm

    2013/06/23


    Foreign businessmen: the policy of openness in our easy to make despite the bureaucracy


    Baghdad/range

    Smiling Abdallah Abdel Karim, is sitting at the auto shop in Erbil, the capital of the Kurdistan region of northern Iraq which is sophisticated and prosperous quickly with live Central and southern violence.

    And Abdul Karim is not the only one who felt that life in Arbil are going every day for the better. Economic conditions in the Kurdistan capital Arbil, grow continuously and rapidly compared with other regions inhabited by Arabs in the Centre and South of the country.

    And in Erbil (320 kilometers) North of Baghdad, sits customers cafes along the sidewalks without fear of attack, and this may be the biggest motivation behind the stability sought foreign investors to take the report to AFP, says George Restrepo, a Colombian-American ran a consulting company for the Spanish and Canadian companies in Kurdistan, it is "very easy to open a shop here," adding that "the Government of Kurdistan is open for foreigners".

    The territory was able to rely on itself from the rest of the country for 22 years, since the imposition of the air exclusion zone to prevent Saddam's forces here, and the peshmerga forces (Army) and the asayish (security) responsibility for maintaining security in the territory.

    The territory is currently enjoyed economic growth of up to 12 percent, according to the Investment Committee in the territory, while expected overall growth in the rest of Iraq to nine percent this year, according to the International Monetary Fund.

    He encouraged the stability conditions of the territory around 800 mostly neighboring Turkey for the territory to enter the market, taking advantage of the territory's investment law 2006 tax-exempt import and investment over the first 10 years of employment in the territory.

    According to the Chairman of the Investment Committee in the province Kamran Mufti, these companies are not obliged to recruit local and can specify their profits as their estimates, but the security situation remains a major factor between the territory and the rest of Iraq.

    Says Ghada Jbara, Executive Director of the company "Cork", that "security is the key to success, actually, as York's third largest company connection for mobile phones in Iraq, headquartered in Erbil.

    In addition to the difference in the security situation between the territory and the areas of Iraq, there are many other differences between financial and administrative corruption, see Restrepo "large bureaucracy here (in Kurdistan) but in Baghdad there are religious divisions (Shia and Sunni) and corruption, of course, is widespread there.

    Iraq is ranked 169 of 176 countries most corrupt in the world, according to transparency international. Mufti affirms that the KRG leaders had "put the plan to combat it."

    Either general conditions, it looks good in the region where officials have adopted a mixed economy, rather than as the rest of the country, there are cement and medical substances, metals and electricity.

    Covers electricity production needs and insufficient to meet the large section of neighboring provinces need like Kirkuk and Nineveh, in the rest of Iraq continue to suffer the impact of lack of electricity, with shares of Kurdistan with the rest of the country, depending on oil production in building their economy.

    The production and sale of oil region, where officials estimated reserves of up to 45 billion barrels (equivalent to one third of the country's reserves), the ongoing crisis between the territory and the Central Government in Baghdad.

    The Central Government considers the contracts signed with foreign companies, territory without the approval of the oil Ministry in Baghdad is also illegal to export oil to Turkey a "smuggling".

    The President of the Cork co. that the differences between the region and Baghdad, which includes the disputed areas on the border with Iran (to the East) and the other by Syria (to the West), "healthy democratic dialogue" with officials and analysts finds they pose the greatest threat to stability in the country.

    And not going into business in Erbil, Abdul Karim says he wants the Agency to sell cars, buy a small truck up to $ 24,500, the agency seems to be optimistic Honar Majeed in the survival rates of the State-owned cars.



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