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Volume of investments to be made to enterprises in Iran’s Ardabil Province declines

Finance Materials 17 November 2020 13:00 (UTC +04:00)
Volume of investments to be made to enterprises in Iran’s Ardabil Province declines

BAKU, Azerbaijan, Nov. 17

By Elnur Baghishov – Trend:

The volume of investments to made to the enterprises for establishment in the Ardabil Province (northwestern Iran) decreased by 32.7 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 statistics, 297 enterprises were licensed to establish in Ardabil Province over the first six months of the current Iranian year. While in the same period last Iranian year, 206 enterprises were licensed for establishment. The number of issued licenses increased 44.2 percent compared to the same period of the last Iranian year.

“It is planned to invest about 26.6 trillion rials (about $633 million) to the enterprises licensed to establish within 6 months,” the statistics said.

However, 39.5 trillion rials (about $940 million) worth of investments were planned to be invested in the licensed enterprises in the same period last Iranian year, the statistics added.

According to the report, about 7,240 people are envisaged to be employed at the enterprises licensed during six months. The employment decreased by 19.3 percent compared to the same period last Iranian year. Thus, it was planned to employ about 8,970 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.

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