Bankruptcy 540 companies in the Kurdistan region

12/16/2017


The head of the registration of companies in the Kurdistan region of Dalzar Ismail on Saturday, the bankruptcy of 540 companies in the Kurdistan region because of the low liquidity in the markets, while noting the registration of hundreds of new companies of their names in the region.

"120 foreign companies and 420 local companies have declared bankruptcy, 35 percent of them are commercial companies, 25 percent are construction companies and companies are working in other fields," Ismail told Iraq News.

The director of registration companies in Kurdistan, said that "because of the financial crisis and low liquidity in the markets, many companies in the Kurdistan region declared bankruptcy," noting that "this is normal, because in return for that many companies registered their names this year, Territory ".

The Kurdistan region is suffering from a severe economic crisis that has forced the Kurdistan Regional Government to pay salaries to Kurdistan employees.

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