...

Iran to establish chain stores in Azerbaijan and Iraq

Business Materials 30 April 2019 14:19 (UTC +04:00)

Tehran, Iran, April 30

Trend:

Iran`s Minister of Economy announced talks on establishing chain stores in the foreign countries including Iraq and Azerbaijan.

“Iran is at economic war and, all rival forces are focusing on closing the inputs of resources to our country, and using measures to deepen the gap between people and government,” Farhad Dejpasand said, Trend reports citing Mehr News Agency.

"We have to look for investment, production and employment growth and increase in the welfare of the society and the improvement of the country," said Dezhpasand.

He went on to emphasize that Iran needs to provide working capital for the production units.

"One of the major problems is that the ratio of deposit facilities in some banks is very low,” he said.

“Of course, we are looking to resolve this problem. The way to resolve this problem is using the stock exchange capacity to help finance the units," minister said.

“One of the most important ways to increase demand is to expand the market from domestic market abroad,” he said.

“We need to establish chain stores in the major cities of the foreign countries such as Iraq. In this regard, the Foreign Investment Organization declares its readiness to act as a sponsor,” he said.

"I have talked to Iraqi and Azerbaijani officials in this regard," said the official.

"Every exporter says that he is returning the export currencies to the country, but the question is, why the total amount of returned currency to economic cycle was only $10 billion while the total export were $40," Minister said.

Tags:
Latest

Latest