50% drop in foreign investment absorption in current Iranian calendar year

Iran Press News: Translation by Banafsheh Zand-Bonazzi

A regime-run newspaper reports that Hossein Salimi, director of the Association of Investment admitted to a 50% drop in the absorption of foreign investments in Iran this Iranian calendar year in comparison to last year this time. Salimi also mentioned that though there is no exact statistic on the foreign investment in Iran for the current year, that unlike other years not a single new foreign deal has been made so far and all existing investments are those that had been made in previous years. He added that the political and nuclear issues are the main reasons for such a noticeable drop.