Industries to Retrieve Ownership
Economy, Business And Markets

Industries to Retrieve Ownership

Banks are not allowed to expropriate industrial units put up as collateral for their debt, said Ali Yazdani, deputy minister of industries, mining and trade on Thursday. The ownership of inactive industrial companies that was transferred to banks will be retrieved and they can restart their operations, IRNA quoted him as saying during a visit to industrial parks in the free trade zones in the port cities of Khoramshahr and Abadan, in the southern Khuzestan Province. The government will support inactive industries if they want to resume production, Yazdani noted. The prolonged recession in Iran’s economy disabled industries from meeting their financial commitments to banks and other lending institutions.


Short URL : http://goo.gl/6dI1Hz
  1. http://goo.gl/ndvAXr
  • http://goo.gl/uzyjXU
  • http://goo.gl/pBnHBx
  • http://goo.gl/9MK7oT
  • http://goo.gl/1wRDF8

You can also read ...

US’ Iran Policy Headed for Train Wreck With Afghan Policy
US President Donald Trump’s decision to pull out of the Iran...
BMI Outlines Forex Measures
Director of Bank Melli of Iran’s Foreign Exchange Department...
With the US Out, How Can Iran Benefit From JCPOA?
In Iran, the only surprise regarding US President Donald Trump...
5-6% Flexibility in USD Rate Until March
Governor of the Central Bank of Iran said the exchange rates...
Non-Oil Trade With Malaysia Rises 23%
Iran traded $694.64 million worth of non-oil goods with...
Mineral Projects Worth $3.6b in the Pipeline
More than $3.6 billion worth of mineral projects are to be...
So far, 90 video games have been submitted to enroll  in the Gamistan Awards.
The second round of Tehran Game Convention is slated for July...
Apple Pays Ireland 1st Tranche of Disputed Taxes
Apple has paid €1.5 billion ($1.76 billion) into an escrow...