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Iran reveals forecast on employment for Lorestan province

Finance Materials 23 November 2020 14:13 (UTC +04:00)
Iran reveals forecast on employment for Lorestan province

BAKU, Azerbaijan, Nov. 23

By Elnur Baghishov – Trend:

About 3,760 people are envisaged to be employed at the licensed enterprises in the Lorestan Province (western Iran) during the first six months of the current Iranian year (from March 20 through September 21, 2020), Trend reports citing the Ministry of Industry, Mine and Trade of Iran.

According to the statistics, employment decreased by 1.3 percent in 6 months compared to the same period last Iranian year. So, it was planned to be employed about 3,800 people at the enterprises licensed in the same period last Iranian year.

As many as 272 enterprises were licensed to be established in the Lorestan Province over the first six months of the current Iranian year. While in the same period last Iranian year, 193 enterprises were licensed to be established. The number of issued licenses increased 40.9 percent compared to the same period last Iranian year.

“It is planned to be invested about 11.8 trillion rials (about $280 million) into the enterprises licensed to be established within 6 months,” the statistics said.

The volume of investments decreased by about 41 percent compared to the same period last Iranian year. Thus, 19.9 trillion rials (about $475 billion) worth of investments were planned for the licensed enterprises in the same period last Iranian year,” the statistics said.

A total of 12,800 enterprises were licensed to be established 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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