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Parliamentary Economy: average investment law allocated loans by projects and cut benefits to 2%
: 06.04.2015
[Baghdad-where]
explained the economic and investment commission parliamentary member Ahmed Kanani, the amendment of the Investment Act dealt with the issue of loans from state banks, and select the banks that financed the projects according to their competence.
He said Kanani, told all of Iraq [where], that "the amendment of the Investment Law, addressed the issue any way accomplish the investor of the project by 25%, and if taking a loan from the government and the official banks to ensure the project shall be 25% [completion rate], either guarantees figure does not depend on proportions. " He added that "determining the benefits of central banks in the previous period increased by 8%, and now proceed Law 2% This is the first paragraph is a supportive investor in general." He Kanani said that "the amendment ensures identify banks on their competence, for the Industrial Bank for the purposes of finance industrial investment projects, as well as agricultural, as well as the residential and commercial sector and other details that were mentioned. " He explained that "the nature of the deal with the investor when the come in the past, had difficulty procuring investment license and land from other ministries, and this shortened within edited several paragraphs for the purpose of obtaining the ground as soon as possible, as it was in the past many paragraphs and now shortened for the purpose of speed. " He noted, "also touched on the law, to address problems where they were preparing a mini body to resolve outstanding issues between the investor and the bodies of the investor associated with the National Authority problems," likely "complete the amendment of the law in two weeks." . He was Vice Chairman of the Committee on Economy and Investment parliamentary Harith al-Harthy, confirmed in 20 of last March, that the amendment of the Investment Law will be in the service of investors, and the elimination of routine in the country dealing with investors circles. He said Al-Harthy, for [where], that "routine followed in the government departments and standards reason to delay the issuance of investment licenses, as well as the lack of proper economic policy, which would last the economy and economic development, the private sector, Shell fully. " He explained that "the problems facing investors, are work permits are not issued, but the number of of years, and the lack of access to land, as the State Lands confined to the ministries, which closed the doors in front of them, "stressing" the need for openness through more than one window to accelerate the completion of work permits ".anthy 2
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: 06.04.2015
[Baghdad-where]
explained the economic and investment commission parliamentary member Ahmed Kanani, the amendment of the Investment Act dealt with the issue of loans from state banks, and select the banks that financed the projects according to their competence.
He said Kanani, told all of Iraq [where], that "the amendment of the Investment Law, addressed the issue any way accomplish the investor of the project by 25%, and if taking a loan from the government and the official banks to ensure the project shall be 25% [completion rate], either guarantees figure does not depend on proportions. " He added that "determining the benefits of central banks in the previous period increased by 8%, and now proceed Law 2% This is the first paragraph is a supportive investor in general." He Kanani said that "the amendment ensures identify banks on their competence, for the Industrial Bank for the purposes of finance industrial investment projects, as well as agricultural, as well as the residential and commercial sector and other details that were mentioned. " He explained that "the nature of the deal with the investor when the come in the past, had difficulty procuring investment license and land from other ministries, and this shortened within edited several paragraphs for the purpose of obtaining the ground as soon as possible, as it was in the past many paragraphs and now shortened for the purpose of speed. " He noted, "also touched on the law, to address problems where they were preparing a mini body to resolve outstanding issues between the investor and the bodies of the investor associated with the National Authority problems," likely "complete the amendment of the law in two weeks." . He was Vice Chairman of the Committee on Economy and Investment parliamentary Harith al-Harthy, confirmed in 20 of last March, that the amendment of the Investment Law will be in the service of investors, and the elimination of routine in the country dealing with investors circles. He said Al-Harthy, for [where], that "routine followed in the government departments and standards reason to delay the issuance of investment licenses, as well as the lack of proper economic policy, which would last the economy and economic development, the private sector, Shell fully. " He explained that "the problems facing investors, are work permits are not issued, but the number of of years, and the lack of access to land, as the State Lands confined to the ministries, which closed the doors in front of them, "stressing" the need for openness through more than one window to accelerate the completion of work permits ".anthy 2
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