15-20% of Iranian Industrial Units Facing Recession
15-20% of Iranian Industrial Units Facing Recession

15-20% of Iranian Industrial Units Facing Recession

15-20% of Iranian Industrial Units Facing Recession

About 15-20% of all Iranian industrial units are facing recession, the industrial affairs deputy with the Ministry of Industries, Mining and Trade said. “There are close to 85,000 industrial firms active in the country, some 50-60% of which are working at full capacity, while 15-20% work below 30%,” Mohsen Salehinia was quoted as saying by ISNA. “These units are either in need of working capital, new machinery and equipment or face sales problems,” he added.  Former industries, mining and trade minister, Mohammad Reza Nematzadeh, said in July that the government has allocated 300 trillion rials ($8 billion) in the current fiscal year (March 2017-18) to spur growth in Iran’s manufacturing sector.


Short URL : https://goo.gl/CzqLSA
  1. https://goo.gl/9zak4n
  • https://goo.gl/PCRhcL
  • https://goo.gl/NgAfCt

You can also read ...

Iran Petrochemical Revenues at  $5.5 Billion in Six Months
Iran exported $5.57 billion worth of petrochemical and polymer...
Calm Housing Market Forecast for Tehran in Fiscal H2
The Iranian housing sector, which has just entered a pre-boom...
OIC is an international organization consisting of 57 member states.
The countries of the Organization of Islamic Cooperation...
Private banks and non-bank credit institutions held the biggest share of foreign assets among Iranian financial institutions.
The total value of Iranian banks’ foreign assets by August 22...
Iran Fortifies Ties With IDB, Malaysia
Minister of Economic Affairs and Finance Masoud Karbasian met...
Ahmad Araqchi (R) meets Alexey Tyupanov
The Central Bank of Iran has signed an agreement with the...
In Iran, import tariffs on apparel are set at 55%, apart from a 9% value-added and an additional 4% tax.
About 1,840 tons of apparel worth close to $22.75 million were...
Border With Iraq’s Kurdistan Closed at Baghdad’s Request
Iran has shut its border crossings with the Iraqi Kurdistan...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.