Figures released by the Central Bank of Iran (CBI) show the country has managed to bring down inflation to its lowest since 2020 when prices started to rise because of US sanctions and economic impacts of coronavirus pandemic.
An official at Iran’s Ministry of Agriculture said that the country is ranked third in the world in terms of production of pomegranate.
The Iranian President Masoud Pezeshkian has stressed the need for a drawing a roadmap for the development of the Makran region in southeast the country, noting that coastal region is the future of Iran sustainable development.
The Secretary of the Iranian Iron Ore Association stated that the removal of the Nima exchange rate will not lead to an increase in currency rates. Instead, this structure will gradually move toward a single currency and will help prevent rent-seeking and corruption.
In an interview with *Eghtesad Online*, the head of the Housing Foundation emphasized that the dissolution of the foundation is impossible due to the clear responsibilities outlined for it in the Seventh Development Plan. He also revealed that the average cost of housing construction in rural areas has now reached 10 million rials per square meter.
In an interview with Eghtesad Online, Abolfazl Abutorabi, a member of the Parliamentary Committee on Internal Affairs and Councils, expressed hope for a reduction in the tax burden on vulnerable groups and small businesses in the 2024 budget. He emphasized that one of the key decisions in the 2024 budget proposal is the increased focus on identifying tax evaders while easing the tax pressure on the lower-income groups and small businesses, particularly by doubling the tax exemption for salaried workers and small enterprises.
In an interview with Eghtesad Online, Hussein Selahevarzi, an economic activist, discussed the challenges within Iran's banking system, particularly focusing on the issue of banks operating as holding companies. According to the Ministry of Economic Affairs, efforts are underway to eliminate this practice. The Minister of Economic Affairs has announced that "bank holding companies will be phased out within the next two years," but achieving this goal requires policies that prevent banks from continuing or intensifying this approach. Some economic analysts believe that in order to reduce the incentives for banks to engage in holding company activities, the government should bring interest rates closer to inflation rates. This is especially important given the difficulties banks have faced under sanctions and the accumulation of non-performing loans from businesses that took significant risks but failed to repay their debts on time.
As the housing sector grapples with an imbalance nearing 6 million residential units, the Fourteenth Administration, led by the President, is seeking to convene a meeting as soon as possible to address this issue.
The Tehran Stock Exchange (TSE) began today's trading session with a surge of 45,000 points, reaching a new level of 2,646,000 points.
The company Ghaltak Sazan Sepahan, known by its ticker symbol Fasaazan, has a market capitalization of 1,800 billion tomans and produces various types of ingots and casting parts.
