Over $57,000 of state shares divested in month

Over $57,000 of state shares divested in month
More than one million shares of Iranian state-run companies, worth 2 billion rials (over $57,000) were transferred to the private sector in the sixth month of the current Iranian calendar year (August 23-September 22).

Iran has transferred over 2.46 trillion rials (about $73.5 million) worth of shares of state-run companies to the private sector in the first half of the current year.   

Iranian state-run companies divested 47.7 trillion rials (over $1.462 billion) worth of shares in the past year, which ended on March 20.   

The Iranian government has envisioned a large privatization program in the Fifth Five-Year Development Plan (2010-2015), aiming to privatize about 20 percent of state-owned firms each year.   

Under the present interpretation of the Article 44 of Iran's Constitution, hundreds of state-owned companies have been privatized.  


Oct 6, 2015 09:49
Tehran Times |

Comments


Sender name is required
Email is required
Characters left: 500
Comment is required


تصویر نمادالکترونیکی

About Us

The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.