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Government Bans Sugar Export

EghtesadOnline: In a letter to the Islamic Republic of Iran Customs Administration’s Export Affairs Bureau, the Ministry of Industries, Mining and Trade announced that sugar export has been banned.
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Publish Date:04/September/2018 | 04:40

Gov’t Seeking Way Out for Beleaguered Auto Industry

EghtesadOnline: Iran’s Industries Ministry is preparing a support plan for the hard-pressed auto industry in a bid to salvage the key sector from plunging into further disarray which can hit thousands with unemployment.
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Publish Date:28/August/2018 | 11:44

Gov’t Wheat Purchases Surpass Last Year’s

EghtesadOnline: The government has bought more than 9.2 million tons of wheat from local farmers in 31 Iranian provinces in the current fiscal year (started March 21), which indicates a 5% increase compared with the similar period of last year.
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Publish Date:27/August/2018 | 04:35

Government Set to Improve Urban Quality of Life

EghtesadOnline: One of the biggest missions of President Hassan Rouhani’s administration is to implement its urban revitalization plan for reducing distressed urban areas and improving the quality of life of their residents, the minister of roads and urban development said.
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Publish Date:18/August/2018 | 04:24

Empty Homes Beyond Gov’t Reach

EghtesadOnline: The government is unable to track vacant homes and levy taxes, a setback to its efforts to stop the galloping rise in residential rents, an official with the Ministry of Roads and Urban Development said.
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Publish Date:10/July/2018 | 04:43

Gov't to Sell Stake in Refineries to 3 Banks

EghtesadOnline: Residue shares of the government in four major refineries and some state-run companies are to be sold to three semi-private banks, it was decided at a Cabinet meeting in Tehran on Sunday.
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Publish Date:29/December/2020 | 18:53

Gov’t Striving to Counter Sanctions

EghtesadOnline: President Hassan Rouhani said the government is doing all in its power to neutralize unjust and illegal sanctions imposed on the country by the administration of outgoing US President Donald Trump.
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Publish Date:27/December/2020 | 17:09

Provincial Spending Package at $13.7b in New Fiscal Budget Bill

EghtesadOnline: The government has allocated 3,536 trillion rials ($13.7 billion) in the spending package for Iran’s 31 provinces as per the budget bill for the next fiscal year (March 2021-22), of which 2,896 trillion rials ($11 billion) will go to the operating budget and 640 trillion rials ($2.46 billion) will be spent on development projects.
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Publish Date:13/December/2020 | 18:00

15% Rise in Cosmetic Import Duties

EghtesadOnline: The government has envisioned a 15% rise in customs duties on the import of cosmetics as per the budget bill for the next fiscal year (March 2021-22).
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Publish Date:07/December/2020 | 18:22

Stake sale Big Part of Budget

EghtesadOnline: The government has projected higher earnings from selling shares in state-owned companies in the next fiscal budget (March 2021-22) compared to the current budget.
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Publish Date:07/December/2020 | 18:17

Distressed Loans Restructured

EghtesadOnline: The government on Saturday extended the repayment deadline for troubled loans to the current fiscal yearend (March 19), the vice president for economic affairs said.
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Publish Date:06/December/2020 | 18:53

Gov’t Buys 7% More Wheat From Local Farmers This Year

EghtesadOnline: The Government Trading Corporation has bought 8.22 million tons of wheat worth 207.8 trillion rials ($755 million) from local farmers across the country in the current fiscal year (started March 20), which indicates a 7% increase compared with the similar period of last year.
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Publish Date:13/November/2020 | 19:04

A Win for Private Power Producers

EghtesadOnline: As per a government directive the Iran Power Generation, Transmission and Distribution Management Company (Tavanir) will henceforth not be the sole buyer of electricity from private power companies, an Energy Ministry spokesman said.
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Publish Date:22/October/2020 | 20:11

Covid-19 Deaths Exceed 30,000

EghtesadOnline: Iran’s death toll from the coronavirus outbreak topped the 30,000 mark on Saturday, as the government extended lockdown disciplines in the capital Tehran to contain the viral infection.
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Publish Date:18/October/2020 | 13:54

Post Company Ships 5 Tons of Packages Overseas Daily

EghtesadOnline: The government -owned Iran Post Company dispatches at least 5 tons of letters and packages overseas on a daily basis, says Deputy Minister of Information and Communications Technologies Ramezanali Sobhanifar.
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Publish Date:11/October/2020 | 20:16

Aversion to Gov’t Bonds Persists

EghtesadOnline: Bond auctions held Tuesdays by the Central Bank of Iran concluded with none of the legal or individual investors showing interest in the government bonds.
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Publish Date:10/October/2020 | 15:32

Economy Ministry: Plans to Divest Hit a Snag

EghtesadOnline: Government organizations refuse to abide by budgetary laws that call for relinquishing more than 60 trillion rials ($210 million) in assets, an official with the Economy Ministry said.
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Publish Date:07/October/2020 | 19:53