BAKU, Azerbaijan, Nov. 17
By Elnur Baghishov – Trend:
The number of licenses issued for the establishment of enterprises in the East Azerbaijan Province (northwestern Iran) increased by 26.1 percent during the first six months of the current Iranian year (from March 20 through September 21, 2020) compared to the same period last Iranian year, Trend reports citing Ministry of Industry, Mine and Trade of Iran.
According to the report, 965 enterprises were licensed to establish in the East Azerbaijan Province over the first six months of the current Iranian year. While in the same period last Iranian year, 765 enterprises were licensed to establish.
“It is planned to invest about 115 trillion rials (about $2.73 billion) to the enterprises licensed to establish within 6 months,” the report said.
The volume of investments increased by 47.5 percent compared to the same period last Iranian year. Thus, 77.8 trillion rials (about $1.85 billion) worth of investments were planned to be invested in the licensed enterprises in the same period last Iranian year, the report added.
According to the report, about 20,500 people are envisaged to be employed at the enterprises licensed during six months. The employment decreased by 29.3 percent compared to the same period last Iranian year. Thus, it was planned to be employed about 28,900 people at the enterprises licensed in the same period last Iranian year.
A total of 12,800 enterprises were licensed to establish in Iran during the first six months of the current Iranian year (from March 20 through September 21, 2020) with an investment of 2.25 quadrillion rials (about $53.5 billion).
In general, 410,000 people are envisaged to be employed at the enterprises licensed within 6 months. The number of issued licenses increased by 46.9 percent compared to the same period last Iranian year. This resulted in an increase of 42.5 percent in terms of investments and 36.3 percent in terms of employment.