[PROVISIONAL TRANSLATION FROM Persian]

 

[Translator’s notes appear in square brackets.]

[Personal information has been redacted.]

[The excerpt below is from the section of the article that pertains to the Baha’i Faith]

 

[Newspaper:] Tehran Economist

[Date:] 9 Shahrivar 1334 [1 September 1955]

[Issue No.:] 166

 

Foreign Investment Situation in Iran

As we have already written, the commotions of the past few years, such as the anti-Baha’i actions on one hand and the news of bribery and corruption in the administrative systems [on the other]—and one or two disputes between the Iranian and foreign merchants, like the case of the German company Union Stahl GmbH—despite the strict measures taken by governments, did not lead to attracting significant [foreign] capital investment. Particularly, some foreign officials have stated that the laws on attracting foreign capital are not perfect and their new regulations have not yet been approved by the parliament.

So there are currently some ideas for amending the said law that we will publish in due course. This is one of the main reasons for reform in the Ministry of Justice. So far, scant suggestions have been offered, and unfortunately, these recommendations are generally in the field of matters that are not very beneficial to the country, but they can generate huge profits within a short time, such as production of alcoholic or non-alcoholic beverages, etc. It is quite regrettable that foreigners are not able to invest in the important manufacturing [industries] in Iran. Although, this situation is also an indication of their lack of trust, they want to spend their capital quickly, so that, if there is a danger, they will not face loss, while informed sources state that there are not too many countries in which foreign investment could generate so much profit within a short period of time, as in Iran.