Iran to sell shares of 5 state-run companies by March 20
Baku, Azerbaijan, March 11
By Fatih Karimov - Trend: Shares of five state-run Iranian companies will be sold to the public by the end of the current Iranian calendar year (March 20), IRIB reported on March 11.
The shares are worth about 99 trillion rials (some $4 billion), according to the report.
In September 2013, Iranian media outlets reported that Iranian economy minister Ali Tayyebnia criticized the implementation of privatization policies by the former administrations saying that just 10-15 percent of state shares have been handed over.
Therefore, the privatization process has not improved the efficiency of the private sector considerably, he added.
Many economic experts have expressed concern about transferring shares of state-run companies to semi-government entities which are neither governmental nor privately-owned.