40% Decline in New Cooperatives in Iran

A total of 233 new cooperatives were registered in Iran during the second month of the current fiscal year (April 21-May 21), which shows a 40% decline compared with the corresponding period of last year.
The latest data were released by the Ministry of Cooperatives, Labor and Social Welfare's Statistics and Strategic Data Center.
These cooperatives have 5,870 members and are estimated to create 4,666 jobs to register a 25% and 43% decline respectively year-on-year.