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Number of enterprises launched in Iran's East Azerbaijan Province decreases

Finance Materials 26 November 2020 11:14 (UTC +04:00)
Number of enterprises launched in Iran's East Azerbaijan Province decreases

BAKU, Azerbaijan, Nov. 26

By Elnur Baghishov – Trend:

The number of enterprises launched in the East Azerbaijan Province (northwestern Iran) decreased by 19.6 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, a total of 221 enterprises were launched in Iran's East Azerbaijan Province over the past six months. While in the same period last Iranian year, 275 enterprises were launched in the province.

“About 18.1 trillion rials (about $432 million) was spent on the construction of these enterprises during the reporting period,” the statistics said.

The expenses increased by 20.3 percent compared to the same period last Iranian year. So, 15 trillion rials (about $359 million) was spent on the construction of enterprises in the same period last Iranian year, the statistics said.

According to the statistics, 3,600 people were employed within 6 months with the launch of enterprises in Iran's East Azerbaijan Province.

“The employment decreased by 9.3 percent compared to the same period last Iranian year. Thus, 3,980 people were employed in the same period last Iranian year with the launch of the enterprises,” the statistics said.

A total of 3,050 enterprises were launched in Iran over the past six months of the current Iranian year. About 380 trillion rials (about $9.04 billion) was spent on the construction of the enterprises. About 51,600 people were employed with the launch of these enterprises.

The number of enterprises launched in Iran increased by 1.4 percent compared to the same period last Iranian year.

This resulted in an increase of 72.1 percent in terms of expenses and 8.2 percent in terms of employment.

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