Privatization Progresses Under Rouhani
Privatization Progresses Under Rouhani

Privatization Progresses Under Rouhani

Privatization Progresses Under Rouhani

Sixty-six percent of the privatization deals under the government of President Hassan Rouhani were reached with the “real” private sector, compared with only 18% in the previous governments, the chairman of Iranian Privatization Organization said.
“Public companies worth around 1 quadrillion rials ($26.66 billion) had been privatized before Rouhani took office in August 2013, whereas during his four-year term, privatization deals worth 420 trillion rials ($11.2 billion) were signed,” Mehr News Agency also quoted Mir-Ali Ashraf Abdollah Pouri-Hosseini as saying.
Earlier this month, Minister of Economic Affairs and Finance Ali Tayyebnia expressed satisfaction with the “quality” of transfers on his watch, “because they were handed over to the real private sector, though the number of such transfers is not acceptable”.
“Before the 11th government [Rouhani’s first presidential term], 56% of transfers were meant to clear government debts, which is the easiest way of ownership transfer. A short government bill was enough to ensure an overnight handover of a multimillion dollar business without other requirements such as holding auctions,” he said.
Tayyebnia noted that only two of the transfer deals brokered over the past four years were aimed at clearing government debts, both of which were carry-overs of the bills approved by the previous government and according to the laws ratified by the parliament.  “No swap arrangement was initiated under the Rouhani government,” he said.

Short URL : https://goo.gl/cVs4X2
  1. https://goo.gl/izq63o
  • https://goo.gl/su3Evw
  • https://goo.gl/pPbMZM
  • https://goo.gl/3cwuY7
  • https://goo.gl/m4xV9h

You can also read ...

Bosch, Valeo Entering Iran Auto Parts Market
Ezam Automotive Parts Group is set to produce automobile parts...
Iran should not view Afghanistan only as a consumer market, if the two countries’ economic ties are to be strengthened.
A review of trade between Iran and Afghanistan over the past...
Geely Introduces 'Volvo Sibling' in Iran FTZs
Geelran Motor, an importer of China’s Geely vehicles in Iran,...
Iranian Exports to Nigeria Up 69%
Iran exported close to $3 million worth of goods to Nigeria...
Banking hurdles are slowing MAN’s return to Iran.
MAN Diesel & Turbo, a German multinational that produces...
Car Show Opens in Kermanshah
Kermanshah, a city in western Iran, is hosting the eighth...
Qeshm Cement Company to Start Exports to Mozambique
Qeshm Cement Company has readied its first consignment of...
200,000 Marriage Loans in 24 Days
A total of 11 agent banks have allocated 200,000 marriage...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.