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Thursday, 8 December 2016

Bilfinger CEO says will take time for Iran to regain investors' trust | Reuters

Bilfinger CEO says will take time for Iran to regain investors' trust | Reuters:
"Financing is the main hurdle facing companies looking at doing business in Iran, Bilfinger (GBFG.DE) Chief Executive Thomas Blades said in German newspaper Handelsblatt and he also said it would take time for the country to regain investors' trust.

"The biggest challenge that I currently see in Iran is the financing of projects," Blades said in an interview published on Thursday.

Many Western banks have been reluctant to provide financing for big projects in Iran, fearing a regulatory backlash if there is a new setback in relations with the country."

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