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FinancialNews


  • 26-07-21

    Iran pays USD742.5M to small, medium-sized enterprises

    (MENAFN)In the first quarter of the current Iranian year, Iran’s Ministry of Industry, Mining and Trade’s data show that 31.187 trillion rials (about USD742.5 million) was paid to small and medium-sized enterprises (SMEs) and semi-finished industrial projects with more than 60 percent physical progress.

    According to IRIB, the stated facilities that are provided for renewing machinery, equipping production units, or completing semi-finished projects, were paid in the form of bank loans to 917 projects and production units.

    The program for offering bank facilities to SMEs and semi-finished projects was released in February 2019 by the Industry Ministry in cooperation with the Central Bank of Iran (CBI).

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