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Iran Shifts to Lower Gear In Privatization

A change of management at the Iran Privatization Organization is the reason for a new focus geared to improved productivity and efficiency.
EDITORS' NOTE: Reuters and other foreign media are subject to Iranian restrictions on their ability to report, film or take pictures in Tehran. 

A trader speaks with a stock market official beneath the electronic board at the Tehran stock exchange September 15, 2010. While U.S. diplomats were busy upping Iran's economic punishment over nuclear activities Washington fears are aimed at making a bomb, Iranian shares, which might have been expected to fall, have, instead, gone through the roof. Picture taken S

Privatization has been on the Iranian government’s agenda ever since the early 1990s, but it has suffered as a result of politicized approaches under different governments. News has emerged that the new administration will slow down the privatization pace, which may be a positive step if it returns the campaign to its original goals.

The main objectives of Iran’s privatization program which were defined in various five-year development plans included a restructuring of the Iranian economy, especially reducing the government’s role and promoting the private sector’s role in economic activity; generating revenue for the government and reducing the financial burden of state companies on the country’s budget; and increasing productivity levels in large enterprises.

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