EghtesadOnline: While many businesses are hurting during the coronavirus pandemic, some are seeing an increase in demand and sales.
EghtesadOnline: The coronavirus has hit hard at an estimated 2.8 million businesses and six million jobs in Iran, according to the director general of Policymaking and Job Department of the Ministry of Cooperatives, Labor and Social Welfare.
EghtesadOnline: Small businesses account for 52% of the total number of industrial units and 45% of industrial jobs in Iran.
EghtesadOnline: Thirty-eight percent of businesses came to a complete standstill due to the outbreak of the new coronavirus in the two months leading to April 19, which declined to 21% in the month ending May 20.
EghtesadOnline: The Central Bank of Iran expanded the list of businesses directly hit by the coronavirus pandemic, which are eligible to receive government-backed loans.
EghtesadOnline: Coronavirus lockdowns inflicted monthly losses worth 260,000 billion rials ($1.47 billion) on local businesses under the supervision of Iran Chamber of Guilds.
EghtesadOnline: Following the rapid reopening of businesses across Iran amid the coronavirus pandemic, a health official said infections in the capital Tehran are volatile and alarming.
EghtesadOnline: Since last Wednesday, nearly 18,000 employers and economic operators have registered at the Ministry of Cooperatives, Labor and Social Welfare’s Kara.mcls.gov.ir for coronavirus bailout assistance envisioned for distressed businesses.
EghtesadOnline: The Central Bank of Iran has updated and communicated the list of businesses directly hurt by the coronavirus outbreak to banks across the country, which are eligible to receive loans.
EghtesadOnline: Banks lent 9,750 trillion rials ($62.9 billion) to businesses in the last fiscal year (March 2019-20), which was up by 2,012 trillion rials or 26% compared to the year before.