Our team of Farsi (Persian) translation experts over the years have translated for corporations, multinationals, small and medium businesses and they have strived to ensure professional results with our Farsi Medical, Farsi Legal, Farsi technical, Farsi financial and Farsi marketing translations.
In reference to the history of Iran, and Persian Empire, Farsi (فارسی fārsi), or Parsi (پارسی) has been the name for Persian used by all native speakers until the twentieth century. However, in English in the later decades of twentieth century, for political reasons, Farsi has become commonly known in place of Persian language, which is spoken in Iran. Of course, Farsi has been used by the large communities in countries such as the U.S., Germany and Sweden.
Farsi or Persian translation has recently increased and is expected to be more in demand due to economic and political changes in the Farsi speaking world. The economic sanctions on Iran have been lifted as of 2016. Consequently, investment will pour into the country as Iran rejoins the global economy after years of isolation.
Some of the reasons for current trend of investment in Iran which consequently leads to high demand in translations into and from Farsi (Persian) are the following:
- Diversity of the Iranian economy: While Iran is best known for holding the fourth-largest oil reserve of the world, and the second-largest gas reserve, its economy is, among all Middle Eastern oil-producing countries, the least dependent on crude fossil fuels. The diversity of Iran’s economy comes from a strong service sector, wholesale and retail trade together with real estate. Collectively, these avenues cover a relatively larger share of the economy.
- Urbanized demography: Iran has eight cities with more than a million inhabitants. The largest--the capital of Tehran--has more than 8 million. The country is more urbanized than nations such as India and some European ones such as Italy, Portugal, Austria and Ireland. The GDP of Tehran exceeds that of Mumbai, Dublin, Budapest, Manila, and Warsaw, being equivalent to that of Manchester, New Orleans or Ottawa. Dense population centers generate productivity gains through economies of scale, specialization of labor, trade and knowledge spillover. Urban density can bring productivity gains because it affords opportunities for greater social and economic interaction.
- Educated youth population: Iran has the world’s fastest-growing scientific output and a high percentage of engineering students. In fact, it's among the top ten nations for the number of engineering-related graduates, making it one of the most advanced scientifically based nations in the Middle East. In years to come, a great deal of research, innovation and infrastructural enhancement will take place in Iran. Consequently, in order for the world to access and contribute to the research, vast amounts of information must be translated to and from Farsi (Persian).
- Thriving economy: Iran's economy is ranked 18th as of 2016, based on purchasing-power parity.
- Iran has opened its doors: Prior to 1979, the United States was Iran’s top trading partner with a total trade volume of as much as 3 billion dollars annually. Eventually, trade with the U.S. and Western Europe ceased. Many years of sanctions after and before 2012 have left Iran with the lowest stock and flow of foreign direct investment in the Middle East. Despite that, Iran remains a notable global trader. It has simply changed partners. China has stepped into the number-one position, replacing the U.S., Germany and Japan. China alone now accounts for nearly 40 percent of all Iran’s trade. India and Turkey, too, have boosted their commercial ties, with each taking a 16-percent share of overall trade. With the new sanctions lifted, Iran is endeavoring to draw foreign investors in to boost the economy. Germany was among the first countries that expressed a sincere interest in normalizing and resuming economic relations with Iran.
France, Italy and other European countries have recently expressed the desire to invest in Iran, and some have signed contracts as the sanctions have been listed. Thus, there are innumerable documents that must be translated into and from Farsi (Persian). Among the companies involved are giant names such as Total, Peugeot, Citroen, Airbus and Danieli.
The Farsi translators at ReoRex have helped companies of different sizes with their translation needs. For this effort we've teamed up to help with translations and localizations of every size and scope. Accordingly, we're ready to facilitate the flow of communication and commerce from and into German, all from a single point of contact. We at ReoRex have a good understanding of the socio-political changes in Middle East. With our expertise, we can eliminate the worry in regard to translation reliability. Put ReoRex on the team, and you'll be free to concentrate on your business plan.