Domestic Economy

50% Rise in Business Permits

50% Rise in Business Permits
50% Rise in Business Permits

A total of 440,156 permits were issued for starting businesses over the first nine months of the current Iranian year (March 20-Dec. 20, 2020), registering a 50% rise compared with the similar period of last year, latest data released by the Ministry of Industries, Mining and Trade show.
The ministry attributes the increase to the outbreak of Covid-19 pandemic, which resulted in the shutting down of some businesses. This made businesspeople change their field of activity to ones that were allowed to operate under new health protocols over the period under review, IRNA reported.
The data also show electronic signature permits issued over the nine months under review registered a 49.9% increase due to the rise in online business activities, again owing to the spread of the novel coronavirus. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment