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Trade: Low recording companies during the first half of 2015 because of security and economic crises
07/08/2015
BAGHDAD
The Ministry of Commerce, on Tuesday, for the registration of the company in 1173 during the first half of the year 2015, and while confirming that it scored lower than during the same period of 2014, attributed the decline to the security conditions and the economic crisis.
A spokesman for the ministry Nazim Naeem Khudair, in an interview to the (long-Presse), "The Registrar of Companies in the ministry recorded in 1173 the company since the first of January and until the thirtieth of June 2015," noting that "Alpha and 23 of those companies have been limited, and 133 of which are offices of foreign companies, and 11 of them individual projects and three of them branches of foreign companies, as well as two Tdhamnettin and other contribution. "
He added Khudair, that "companies registered point relatively decrease the number of new companies compared with 2014, the last, especially for foreign companies which reported The ministry during the first half of this year, about 200 of which number increased to 436 at the end, "pointing out that this" decline is not cause for concern because of the size of listed companies, compared with the Iraqi market situation ".
He attributed the spokesman for the Ministry of Commerce reason for the decline to "security conditions followed the control of the organization (Daash) terrorist on a number of areas of the country as well as the current financial distress. "
The Iraqi government decided in (the twentieth of July 2013) to exempt local and foreign investment companies from fees and customs for a period of five years, in a move aimed at boosting economic growth , attracting companies to invest in the country, to be the study of the extension of the exemption order for an additional ten years.
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07/08/2015
BAGHDAD
The Ministry of Commerce, on Tuesday, for the registration of the company in 1173 during the first half of the year 2015, and while confirming that it scored lower than during the same period of 2014, attributed the decline to the security conditions and the economic crisis.
A spokesman for the ministry Nazim Naeem Khudair, in an interview to the (long-Presse), "The Registrar of Companies in the ministry recorded in 1173 the company since the first of January and until the thirtieth of June 2015," noting that "Alpha and 23 of those companies have been limited, and 133 of which are offices of foreign companies, and 11 of them individual projects and three of them branches of foreign companies, as well as two Tdhamnettin and other contribution. "
He added Khudair, that "companies registered point relatively decrease the number of new companies compared with 2014, the last, especially for foreign companies which reported The ministry during the first half of this year, about 200 of which number increased to 436 at the end, "pointing out that this" decline is not cause for concern because of the size of listed companies, compared with the Iraqi market situation ".
He attributed the spokesman for the Ministry of Commerce reason for the decline to "security conditions followed the control of the organization (Daash) terrorist on a number of areas of the country as well as the current financial distress. "
The Iraqi government decided in (the twentieth of July 2013) to exempt local and foreign investment companies from fees and customs for a period of five years, in a move aimed at boosting economic growth , attracting companies to invest in the country, to be the study of the extension of the exemption order for an additional ten years.
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