BAT: a flagship investor | Turning the tables on Turkey
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Foreign direct investment is needed to drive Iran’s economy forward |
HIGH OIL PRICES pushed up Iran’s real GDP growth by an impressive 6.7% in the financial year ending March 20 2004, according to the IMF. Urging the Iranian authorities to take advantage of these favourable conditions, the Fund stressed in August 2004 that “the current period of high oil prices… provides an opportunity to implement major reforms that would put the economy on the long-term path of high growth and job creation”.
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