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87 pc rise in foreign investments in Iran in 2009


Tehran : Foreign investments in Iran have witnessed a 87 percent growth in 2009, Minister of Economic Affairs and Finance Shamseddin Hosseini announced here on Monday.

Talking to reporters, he said Iran’s foreign investments exceeded dlrs 3 billion in 2009 showing an increase of 87 percent as compared to its preceding year.

The minister added that the law on foreign investment facilities has been prepared in order to facilitate foreign investments in the country. He reiterated that Iranians living abroad can make use of the llaw appropriately.

He predicted that the growin trend of foreign investments would continue this year despite sanctions imposed on the country.

Referring to the growth in stock exchange index, Hosseini said the index has enjoyed a positive growth of 32.6 percent in the first four months of the current Iranian year, starting on March 21, 2010.

He reiterated that the government’s economic performance in the current year has improved compared to the previous year.