• Domestic Economy

    Twofold Rise in Sales of State-Owned Properties

    A total of 15,000 billion rials ($61 million) worth of state-owned properties were sold during the 11 months to Feb. 18, indicating a 100% increase compared with the same period of last year. 

    According to Mohammad Ali Eftekhari, managing director of the Organization for Collection and Sale of State-owned Properties of Iran, 12,900 billion rials ($52.5 million) of the total were sales of movable properties, 80% more compared with last year and 2,150 billion rials ($8.7 million) were immovable properties, indicating a 374% increase year-on-year, Mehr News Agency reported.