6254
Industries Need Funding
Economy, Domestic Economy

Industries Need Funding

Limited access to financing is one major problem Iranian industries are facing, Mohammad Ali Seyed-Abrisham, managing director of Iran’s Small Industries and Industrial Parks Organization (ISIPO), said on Friday. “To get revitalized, industries need to be financed by commercial banks,” he was quoted by IRNA as saying. “We have on several occasions asked the CBI to provide industrial units with 10 trillion rials in loans to save current jobs, but to no avail,” he said, noting that the loans have in recent years mainly been granted to non-industrial individuals or firms.

 

Short URL : http://goo.gl/GY2NLx

You can also read ...

 TCCIMA Secretary-General Bahman Eshqi speaking in Vienna on Nov.16
Iranian banks are expected to open their first branches in...
Iran has 9,000 online retail stores.
With the ever-growing developments in the World Wide Web,...
Tehran-Accra Expand Agro Coop.
Three memoranda of understanding were signed between Iran’s...
Helping the Quake-Stricken?  Not If They Are Iranians!
Iran is a hotspot of earthquakes and several of them have...
USD at  41,000 Rials
After the US dollar’s recent bull run that pushed the value of...
The first Iran-Luxembourg Forum opened on Wednesday and hosted...
Tesla Roadster Speeds in Front of Electric Truck
Tesla Inc upstaged its own debut of an electric heavy duty...
Imported Flat Steel Buying Thin Over Lower Local Prices
Buying activity in the Iranian flat steel import market was...

Trending

Googleplus