Business And Markets

Disparate Impact of Sanctions on SMEs

Disparate Impact of Sanctions on SMEs (Photo: Mojtaba Saranjampour)Disparate Impact of Sanctions on SMEs (Photo: Mojtaba Saranjampour)

Mohsen Salehinia, head of Iran Small Industries and Industrial Parks Organization, says out of the 43,000 small and medium sized enterprises in industrial towns, 20% are facing recession, which means their production has come almost to a halt. 
"However, ISIIPO was able to revive 1,400 of such units [stuck in recession]," Salehinia told a press conference on Tuesday. 
He said the effort was not only about allocating credits to the units but also helping them find markets for their products, settling debts and paying overdue taxes. 


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