Iran faced lower foreign investment last year
Baku, Azerbaijan, Feb. 6
By Khalid Kazimov - Trend:
A report by the Iranian Central Bank reveals that the country has experienced lower foreign investment in the previous Iranian year, 1392 (March 21, 2012 to March 20, 2013), Fars news agency reported on Feb. 5.
Foreign investment has been unstable in the past few years, the report adds. In the Iranian calendar 1390, Iran attracted 5,313 billion tomans. ($1 US equals 3,450 toman.) The number increased to 11,931 billion tomans the next year, but plunged to 7,690 billion tomans the following year.
In the capital market, Iran's economy used some financing sources which included: Increasing the capital of the companies registered on the stock exchange and OTC, increasing the capital of other companies registered in stock exchange, releasing bonds for companies about to launch, and releasing corporate bonds, releasing rent bonds, etc.
The country's financing through the capital market was registered at 10,536; 13,770; and 24,393 billion tomans in the years 1390 to 1392 respectively.
On Jan. 24, Hamed Soltaninejad, managing director of Iran's central securities and investment company, said that 27 foreign investors had bought shares in the Iranian capital market over the previous two months.
The investors came from Germany, the UK, Syria, China, and Afghanistan.
Iranian Minister of Economic Affairs and Finance Ali Tayyebnia has said that potential trading partners can rest easy about the investment environment in Iran despite sanctions pressure.
Some of Iran's trading partners have shied away from doing business with the Islamic republic because of sanctions.
"Iran is among the safest countries for (foreign) investment," he said.
Edited by CN