Thursday, April 21, 2016

Observatory Iran to help businesses invest – Il Sole 24 Ore

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This article was published April 20, 2016 at 18:19.

Iran gets the easing of sanctions, took his first (decided) diplomatic steps in international markets and so was born the Observatory of Nomisma dedicated to the Middle Eastern country.

The goal of Nomisma’s “offer to the Italian system constantly monitors the Iranian market”, he tells the company, explaining that the observatory was created in collaboration with LS Lexjus Sinacta and Nomisma Energia. “With the agreement on the Iranian nuclear July 2015 and its implementation it is opening up perhaps the last great emerging economy still Globalization margin. Iran has infrastructure, institutions, skilled labor and entrepreneurial spirit that will foster strong economic growth, ‘says Nomisma. The repeated and recent visits of Italian delegations, culminating in the visit of President of the Council Matteo Renzi and a large delegation of companies attest that bilateral relations are sharing with great vigor and optimism. But Italy is not alone. In Tehran, in fact, there are the visits of operators and Western investors, very aggressive from the commercial and economic point of view. And, specify by Nomisma, “are even more numerous economic interests of the Global South, in those countries from China to Turkey, from Korea to South Africa, they have never stopped their trade with Iran.”
The system of international sanctions has been partially removed, financial transactions are very difficult, and many obstacles remain on the regulatory and operational level. Iran, as clarified in the course of the presentation of the Observatory, has all the characteristics of an emerging economy, including the political and economic instability and therefore requires a deep understanding of its mechanisms.

In practice, the service will result in a fortnightly newsletter with updates on the political situation and economic trends, developments in the hydrocarbons sector, the regulatory and institutional reforms, progress in structural reforms and monitoring public procurement, trade fairs, associations missions.



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