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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.

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