Nothing is holding back the banking system from financing small and medium-sized enterprises and by the end of the current fiscal year in March 2017, all production units will have sufficient…
Iran SMEs
Foreign exchange rates are real in the market and are rising at a slow pace, says Valiollah Seif, governor of the central bank following the recent swings in the foreign exchange market.…
Export Development Bank of Iran has provided loans to 155 small- and medium-sized enterprises since the beginning of the Iranian year (March 20), which mostly include producers of exportable…
One year after Iran's historic deal with major global powers, a vigorous debate has surfaced over whether the country has benefited from the accord based on what it was promised.
Reiterating Central Bank of Iran policy obliging banks to focus on small and medium-sized enterprises by allocating them credits, the governor of the bank says the banking system has no limits…
Ninety-six percent of the 88,000 licensed Iranian businesses are considered small- and medium-sized, a deputy minister of industries, mining and trade said.
“There are currently over 80,…
Optimal allocation of bank credits, namely to the struggling SMEs, is important to get out of the recession, said the Governor of the Central Bank of Iran, Valiollah Seif.
Ever since the lifting of sanctions imposed on Iran over its nuclear energy program and the reopening of the country to the international community, Tehran has been buzzing with representatives…
Iran Chamber of Commerce Industries, Mining and Agriculture Teusday hosted a delegation of World Bank experts, who had come to assess the situation for the provision of loans to the small and…
The head of the Bank of Industry and Mine, Ali Ashraf Afkhami, said his bank is willing to launch a new special bank for small and medium enterprises. Afkhami noted that the proposed bank would…
The Omid Entrepreneurship Fund will create special funds to support specific industries next year, Asghar Nurolahzade, the CEO said.
“We will work with unions and business leaders in…
A conference of Iran’s small and medium enterprises’ exporters opened at Tehran’s Shahid Beheshti University on Friday. It was attended by more than 700 domestic enterprises, members of Iran…
The Supreme Council for Employment (SCE) has ordered Bank Melli, Iran’s top state-owned bank, to develop funding packages for small and medium enterprises in coordination with the Ministry of…
To tackle unemployment and achieve sustainable economic growth, small- and medium-sized enterprises should be propped up, says deputy minister of cooperatives, labor and social affairs.
The SMEs Guarantee Fund has increased its capital to 1.25 trillion rials ($35.4 million at market exchange rate) from a previous 500 billion ($14.1 million), IRNA quoted chief executive Ali Ta’…
As foreign trade delegations flock to Iran, economic players of the domestic private sector are doubling efforts to attract investment to the small- and medium-sized enterprises. The heavy…
Small- and medium-sized enterprises account for 45% of jobs and 92% of industrial activities in Iran, according to the deputy head of Iran Confederation of Knowledge-Based Association. “Thanks…
According to the Ministry of Industries, Mining and Trade, Iran has more than 82,000 small-and medium-sized enterprises. According to the ministry, an SME is defined as an entity with less than…
According to experts more than 60% of enterprises in Iran fail within their first year, and about 20% before their third year of business. Small and medium-sized enterprises (SMEs) fall victim…
The Central Bank of Iran reported last week that the economy expanded 4.6 percent in the first quarter of the current Iranian year (March 21-June 21). The CBI report shows that the country’s GDP…
