13% Decline in New Cooperatives

A total of 276 cooperatives were established with an initial investment of 41 billion rials ($277,027) during the seventh Iranian month (Sept. 23-Oct. 22), which registered a 13% decline compared with the similar period of last year, the Statistical Center of the Ministry of Cooperatives, Labor and Social Welfare reported.
These cooperatives have 4,474 members, creating an aggregate of 3,754 jobs, which indicates a year-on-year decline of 27% and 15% in the number of members and jobs, respectively. 
Most of the cooperatives were established in Tehran (23), Khorasan Razavi (21) and Mazandaran (21).