Domestic Economy

Modest Rise in New Cooperatives

Modest Rise in New CooperativesModest Rise in New Cooperatives

A total of 2,670 new cooperatives were registered during the first nine months of the current Iranian year (March 21-Dec. 22), which shows a 1.15% increase compared with the corresponding period of last year. 
Close to 693.6 billion rials ($6.54 million) worth of investments were made in these cooperatives during the period.
These newly-founded cooperatives have around 50,425 members and have created jobs for 44,753 people to register a 42.5% decline and a 3% rise respectively year-on-year, Fars News Agency reported citing latest data released by the Ministry of Cooperatives, Labor and Social Welfare.


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