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Volume of loans issued to manufacturing enterprises in Iran’s Bushehr Province revealed

Finance Materials 28 October 2020 16:35 (UTC +04:00)
Volume of loans issued to manufacturing enterprises in Iran’s Bushehr Province revealed

BAKU, Azerbaijan, Oct.28

By Elnur Baghishov – Trend:

A total of 1.98 trillion rials (about $47.2 million) worth of loans were issued to manufacturing enterprises in the Bushehr Province (southern Iran) during the first seven months of the current Iranian year (March 20-October 21, 2020), said Hossein Hosseini, Chairman of Industry, Mine, and Trade Organization of Bushehr Province, Trend reports citing the organization.

According to Hosseini, the loans worth 1.18 trillion rials (about $ 28.2 million) were issued to manufacturing enterprises in the Bushehr Province within 7 months to maintain employment.

“Furthermore, the loans worth 800 billion rials (about $19 million) were issued to manufacturing enterprises in the province over the reporting period to increase manufacturing in the province,” he added.

The chairman emphasized that there are about 590 manufacturing enterprises in Bushehr Province at present. Of these enterprises, 460 are currently operating.

Hosseini noted that 34,000 people were employed in these enterprises of Bushehr Province.

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