20304
Retail Outlets Ubiquitous
Economy, Domestic Economy

Retail Outlets Ubiquitous

Officials in Iran Chamber of Guilds have blamed the excessive number of retail outlets per household on weak manufacturing sector. Recently, the ICG chairman Ali Fazeli estimated that on average there is one retail outlet for seven households in Iran, while In Europe, there is one for 37 households, Eghtesad News reported. According to ICG secretary general Ahmad Karimi Esfahani, the phenomenon has become the root cause of many economic problems including but not limited to the “rising prices” and “excessive imports”. As a remedy, the official called on the government to review its taxation programs to prevent the flow of workforce into the retail sector.

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

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Trending

Googleplus