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European – Iraqi Economic Summit June 2012

Dr. Jürgen Brandstätter, Managing Partner of BMA Brandstätter Rechtsanwälte GmbH was the only Austrian Attorney attending in the European – Iraqi Economic Summit which took place in Cyprus June 21.- 26, 2012.

Participants of the conference where high ranking members of the Iraqi government as well as representatives of some Iraqi regions and cities. The conference was used to exchange business ideas with companies from the US, England, Germany, Switzer-land, Austria and Israel. Participants of the conference agreed that Iraq offers great opportunities for foreign investors.

With regard to Austrian enterprises, Dr. Jürgen Brandstätter believes that getting into business in Iraq will be by no means easy and many obstacles will have to be faced. However, it will be worth it. Iraq has a rapidly growing economy and opportunities for investment. The possibilities lying in a business exchange between Austria and Iraq should not be missed.