Only 20 percent of Iran's privatization plan is real

Business Materials 19 July 2011 18:55 (UTC +04:00)

Azerbaijan, Baku, July 19 /Trend/

Only 20 percent of privatization in Iran was real, while the rest of allocation process transformed into semi official organization, Fars News Agency reported quoting member of parliamentary industrial commission Ahmad Mahdavi as saying.

"We predict currently 20 percent of privatization done in the country was completely real and the rest transformed in semi official organization," he said.

Industries are almost halted due to lack of financial sources while 13 percent of the privatization process was done last solar year (ended on March20, 2011) was real.