20 Kurdish investment company declares bankruptcy

20 Kurdish investment company declares bankruptcy




Announced an investment company in the Kurdistan region, on Friday, about bankruptcy because of the economic crisis in the region.
A source in the governorate of Erbil Chamber of Commerce, told / information /, that "20 investment companies from different countries, declared bankruptcy because of the economic crisis experienced by the region in particular and Iraq in general."
He added that "investment companies declared bankruptcy after the government demanded that banks lend in the region," noting that "the government banks have shown their inability to lend to companies required amounts, due to the late arrival of the provincial budget

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