Iran SMEs - page 2

EghtesadOnline: As per the sixth five-year development plan (2017-22), 30% of government revenues earned from value added tax will be used to shore up small- and medium-sized enterprises, according to the head of Iran’s Small Industries and Industrial Parks Organization, Ali Yazdani.

EghtesadOnline: Exports by Iran’s small- and medium-sized enterprises during the nine months to December 20 amounted to $1.6 billion, according to the deputy head of Iran’s Small Industries and Industrial Parks Organization.

EghtesadOnline: As many as 11,232 small- and medium-sized enterprises have received an aggregate of 79 trillion rials ($1.97 billion) in loans during the 10 months to January 19, 2017, according to the chairman of Iran Small Industries and Industrial Parks Organization.

EghtesadOnline: Small- and medium-sized enterprises have attracted $1.84 billion in foreign direct investment since President Hassan Rouhani took office in August 2013, of which $653 million have been invested since the implementation Iran’s nuclear deal, according to Farshad Moqimi, deputy head of Iran’s Small Industries and Industrial Parks Organization.

EghtesadOnline: A total of 35 small- and medium-sized manufacturing enterprises are currently being set up in Iran with foreign investment, a deputy industries minister said.

EghtesadOnline: Governor of the Central Bank of Iran joined hands with the heads of two key ministries late Monday to coordinate and accelerate efforts to implement a stimulus package worth 500 trillion rials ($12.85 billion) aimed at propping up production and creating jobs.

EghtesadOnline: Small- and medium-sized enterprises can boost the economy or weigh it down, given their large share in industrial activities.

EghtesadOnline: The Headquarters of Resistance Economy has assigned the Ministry of Industries, Mining and Trade with the task of boosting non-oil exports by $2 billion in the current Iranian year (March 2017-18) by empowering small- and medium-sized enterprises.

EghtesadOnline: A joint meeting of the Money and Capital Markets Commission and the Industries Commission of Iran Chamber of Commerce, Industries, Mines and Agriculture was held on Sunday to discuss the much-touted government scheme to allocate 160 trillion rials ($5.24 billion) to 7,500 struggling industrial and agricultural SMEs.