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                                        Volume. 12158

Iran to privatize 186 state-run companies: official
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c_330_235_16777215_0___images_stories_edim_04_ma2(7).jpgTEHRAN - Iran will privatize 186 state-run companies in the current Iranian calendar year, which started on March 21, the Tasnim News Agency quoted Abdollah Pouri Hosseini, the head of Iran Privatization Organization, as saying on Sunday.
 
He said that the companies consist of 27 huge companies, 76 large companies, 31 medium companies, and 31 companies of other sizes.
 
Huge companies are those companies with the shares value of over 10 trillion rials (about $403 million) and large companies are those with the shares value of over one trillion rials (about $40 million), the official added. 
 
The government has envisioned a large privatization program in the Fifth Five-Year Development Plan (2010-2015), aiming to privatize about 20 percent of state-owned firms each year.
 
Under the present interpretation of the Article 44 of Iran's Constitution, hundreds of state-owned companies have been privatized.
 
Iranian parliament (Majlis) speaker Ali Larijani has said that transferring economic activities to the public will remove the unemployment problem.
 
“Implementing the Article 44 of the Constitution regarding privatization is meant to transfer economy to the public,” Larijani added.

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