BAKU, Azerbaijan, May 13
By Elnur Baghishov - Trend:
Loans worth 3.94 trillion rials (about $93.8 million) were issued to 55 industrial enterprises to increase production in Semnan province (northern Iran) in the last Iranian year (from March 21, 2019 to March 20, 2020), Chairman for Industry, Mining and Trade Organization in Semnan Ali Teshnedel said, Trend reports citing the organization’s website.
According to Teshnedel, under these loans, 259 people were employed at the enterprises.
Teshnedel added that 14 trillion rials (about $334 million) loans were issued to 412 enterprises in the area of industry and agriculture.
The official said that 10.7 trillion rials (about $254 million) loans were issued to 241 enterprises to increase production, and 3.35 trillion rials (about $79.7 million) to 171 enterprises to increase employment.
"In total, last year it was decided to provide loans worth more than 26.5 trillion rials [about $630 million] to 709 manufacturing enterprises. The documents of 372 of them are being examined in banks in order to sign contracts," he said.
Teshnedel added that so far, the problems at 1,050 enterprises have been investigated and decisions regarding 75 percent of them were made.
There are 1,841 industrial enterprises in Iran's Semnan province. About 76 trillion rials (about $1.8 billion) have been invested in operations of these enterprises which employ more than 68,000 people.