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Iran to establish new banks to support entrepreneurs

Finance Materials 2 March 2022 19:21 (UTC +04:00)

TEHRAN, Iran, March 2

Trend:

Iran is establishing three new banks to support entrepreneurs and develop employment, said Deputy Labor Minister Mahmoud Karimi Biranvand, Trend reports citing IRNA.

He said the creation of two innovative banks and one investment bank is underway.

"These banks will support plans for creating jobs and entrepreneurship in the new Iranian year (starts March 21, 2022)," he said.

The Public Work Department in the Ministry of Cooperatives, Labour, and Social Welfare of Iran is planning to create proper environment for creating jobs.

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