REFORM AND INCREASED foreign investment seem needed more than ever in Iran, as Euromoney frantically types in a dilapidated, shah-era hotel, desperate to save this story from another power blackout. But can privatization solve the country’s problems?
About 230 companies will be privatized in the Iranian year 1387 (March 2008 to March 2009) – compared with 167 companies the previous year, and just 40 the year before that.
“Last year France privatized the most companies in Europe but we privatized more,” says Heidari Kord Zanganeh, chairman of the Iranian Privatization Organization, referring to 2007.
One of the biggest companies up for sale this year is the Telecommunications Company of Iran.
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