16903
Share of Cooperatives
Economy, Domestic Economy

Share of Cooperatives

Cooperatives account for 99 percent of agricultural activities, as well as 75 percent of agricultural production, Tasnim news agency quoted CEO of Aquatic Farmers Cooperatives Union, Arsalan Ghasemi, as saying. “State-run agriculture accounts for only 1 percent of total agricultural activities; however the government makes 80 percent of the decisions in the sector,” the official complained. Earlier, a senior official at Tose’e Ta’aavon Bank, Mohammad Jafar Irani said the cooperative sector has failed to deliver its envisioned share of 25% in the national economy as the sector’s current share is no more than 5%. He further said that in a bid to stimulate the sector, Tose’e Ta’avon Bank has been tasked to allocate more than 3 trillion rials ($1.07 billion based on official exchange rate) to the cooperative sector.  

Short URL : http://goo.gl/sDoyeb

You can also read ...

Forex Rates Tumble
The Central Bank of Iran’s measures, namely to issue...
Iran to Send More Flour to Iraq via Russia Wheat Deal
Iran is negotiating a wheat import deal with Russia that would...
Iran’s currency had lost a quarter of its value in six months, sliding to a record low of 49,000 last week.
Governor of the Central Bank of Iran Valiollah Seif defended...
Gov’t Earned 150% More From Tax Than Oil Last Fiscal
The government earned 150% more from tax than from oil in the...
24 New Foreign Traders in Iran’s Capital Market
The Central Securities Depository of Iran issued 24 trading...
$32 Billion Worth of Transactions in 1 Month
Shaparak, the payment settlement network and watchdog...
NDFI to Get 32% of Oil, Gas Money
Members of parliament on Saturday approved a measure...
Lawmakers expressed concerns that the government is becoming increasingly dependent on raising money by issuing debt to cover widening budget deficits.
The government has issued over 300 trillion rials ($6.4...

Trending

Googleplus