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(New York Times) Jack Ewing and Stanley Reed - European companies moved quickly to invest in Iran after the 2015 agreement. Yet even before President Trump pulled out of the agreement with Iran, many companies had already tempered their expectations and limited their investment. Despite its potential, Iran has largely been a disappointment for European investors. In a dysfunctional economy, many failed to gain traction in a huge bureaucracy rife with political power struggles. Companies have also been stifled by a reluctance of foreign banks to provide financing. 2018-05-10 00:00:00Full Article
Dreams of a Thriving Iranian Market for European Companies Were in Doubt Even Before the U.S. Exited the Nuclear Accord
(New York Times) Jack Ewing and Stanley Reed - European companies moved quickly to invest in Iran after the 2015 agreement. Yet even before President Trump pulled out of the agreement with Iran, many companies had already tempered their expectations and limited their investment. Despite its potential, Iran has largely been a disappointment for European investors. In a dysfunctional economy, many failed to gain traction in a huge bureaucracy rife with political power struggles. Companies have also been stifled by a reluctance of foreign banks to provide financing. 2018-05-10 00:00:00Full Article
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