Economy, Business And Markets

Downsizing Continues

Downsizing ContinuesDownsizing Continues

Iran Privatization Organization (IPO) has released the details of the privatization of three more government firms. In line with the Article 44 of the Constitution, Terminals and Tanks Petrochemical Company, Kerman Coal Mines Company, and Iranian Tobacco Company were taken over by companies in the private sector with a total net profit of 15.616 quadrillion rials ($58.7million).