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German firms ignore EU appeal, end Iran projects
[PRESSTV] Deutsche Telekom and Deutsche Bahn, two state-owned German companies, are following car manufacturer Daimler and mechanical engineering company Herrenknecht to withdraw from Iran because of US sanctions.Deutsche Telekom, Europe's largest telecommunications provider, already stopped all transactions in Iran in May. Deutsche Bahn will have its projects phased out by the end of September, German weekly business news magazine Wirtschaftswoche reported Thursday. Both companies have confirmed the report. They are ignoring an appeal by EU foreign policy chief Federica Mogherini, who has called on Europeans to intensify Iran business in response to President Donald Trump ...New York real estate developer, described by Dems as illiterate, racist, misogynistic, and what ever other unpleasant descriptions they can think of, elected by the rest of us as 45th President of the United States... ’s sanctions. Deutsche Bahn is currently involved with its subsidiary DB Engineering & Consulting in two projects in Iran, a corporate spokeswoman said on Thursday. "Both projects will be ended in August and September 2018 respectively," she said. "Due to the altered banking practice we have sought to bring the contract to an amicable and timely conclusion." UK’s Quercus pulls plug on $570 mln Iran solar plant as sanctions bite [ARABNEWS]
[RadioFarda] Iranian Auto parts manufacturers says 450 thousand workers in this industry are likely to lose their jobs as a result of Iran's foreign currency crisis. At the same time, Iranian media report that rising prices of foodstuff and cost of housing on a daily basis make life harder for most Iranians....Speaking on the job losses in the automobile industry at a press conference in Tehran on Monday August 14, board members of the Auto Parts Manufacturers Association said the output of Iranian car makers is about to face an 80 percent decline because of rial's loss of value. Board Member Maziar Beiglu said so far 14,000 workers have lost their jobs in the auto parts industry. He added that part makers will no longer be able to continue their business by September 22 if the government does not provide cheap dollars to pay for needed imports. Iran's former Labor Minister Ai Rabiei had said last week that about one million Iranians would lose their jobs as a result of economic pressures caused by renewed US sanctions against Iran. Posted by: Fred 2018-08-17 |
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