Foreign investments into the Luthorian economy.
Aldegar recently announced a series of investments into the Luthorian economy - something that may be followed by expansions from Aldegarian companies into the Luthorian market. In this article, we'll take a closer look at the investments done by numerous foreign companies into Luthori.
12th, January 5492
Fort William, Principality of Orange, Luthori - The Foreign Secretary's visit in Aldegar is over since some months - and now, the "fruit of the open door" are showing themselves. The Aldegarian Government announced putting in place a series of "investments" into the Luthorian economy. With these investments, companies such as Renard (styling, clothing, luxury), a formerly-Kanjorian based fashion company - which moved its headquarters to Aldegar and already invested and penetrated Luthori's inexistant clothing industry (apart from clothing giant Ellis) in 5384. Other Aldegarian companies such as Stellaris (telecommunications) or Stork Foods announced their intention to come implement themselves into the Luthorian market. For Stellaris, it'll be the first telecommunication company coming from a foreign market coming in Luthori to compete with traditional dominant companies in this market. And this is merely covering the topic from Aldegarian companies - as a full blown agreement is likely to upstart trade between the two nations. The Foreign Economic Council has stated that "in light of Aldegar's current position in the global chessboard and its position in Terra, such a position increasing its economy by the mere presence of the Aldegar Canal, Luthori seeking extensive relations with the nation is a welcome sight and a good relief for our economy.". The economic investments in Luthori aren't totally ending here, as New Verham, Dundorf announced further economic investments into Luthori. The Dundorfians announced recently that D.U.T (Dundorfische Unzugtechnologien [Dundorfian] or Dundorf Moving Technologies [Luthorian] would make opening in Luthori, collaborating with a newly-born company Micros LTD, for this endeavour to come to a succeding aim. Finally, New Verham. The country's largest clothing warehouse company, Sokhatai, announced implementing itself in Luthori by opening two "mega-stores", the first of its kind in Luthori, but the second of its kind in Artania, as the company already opened some in Narikaton & Darnussia.
With these foreign investments, it remains to be seen whether or not the Luthorian economy will benefit from these, although people are remaining optimistic, as the "Choose Luthori" forum, has likely, convinced many of these companies to invest in Luthori than to other Artanian countries, such as ND or Hobrazia.
The Economic Inquirer is a newspaper detailing and dissecting all the economic and financial information of Luthori and the world. This media, independent by principle, tries at best to meet the expectations of its readers by remaining politically neutral.