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Iran Gov’t Sells $400m in Bonds

EghtesadOnline: The government sold 53 trillion rials ($400 million) worth of Manfa’at Sukuk bonds on Wednesday via Iran Fara Bourse, over-the-counter market for trading securities, to meet budgetary needs.
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Publish Date:05/January/2020 | 06:04

Gov’t Can Borrow €3.4b From NDFI

EghtesadOnline: The government can withdraw €3.4 billion from the National Development Fund of Iran in the next fiscal year (starts March 2020), to finance development projects.
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Publish Date:24/December/2019 | 24:39

Iran Gov’t to Sell Stakes in Six Refineries

EghtesadOnline: The government’s remaining stakes in six refineries is to be offered via a monolithic exchange-traded fund, according to a decision by an ad hoc committee in charge of divesting government property.
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Publish Date:21/December/2019 | 24:09

Iran: Bigger Role for Stock Market in Gov’t Funding

EghtesadOnline: The government has concocted a bigger role for the stock market on the revenue side of the next fiscal budget (March 20-21), according to the CEO of Iran Fara Bourse, the junior stock market.
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Publish Date:18/December/2019 | 05:04

Gov’t Determined to Overcome Sanctions

EghtesadOnline: President Hassan Rouhani said his administration is determined to tackle issues arising from the United States' sanctions by both mobilizing domestic capacities and diplomacy with the world, but will stick to the principles of the Islamic Republic along the way.
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Publish Date:14/December/2019 | 13:11

Crypto Miners Unimpressed by Gov’t Incentives

EghtesadOnline: The Energy Ministry's recently-announced discounts on power rates for authorized cryptocurrency miners seems to be not enough for making the business financially feasible.
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Publish Date:26/November/2019 | 11:06

Iran Gov’t Paying New Subsidies After Gasoline Price Hike

EghtesadOnline: Since the government got the ball rolling on gasoline price reform on Nov. 15, by rationing and raising the price of fuel by at least 50%, officials such as Oil Minister Bijan Namdar Zanganeh have declared that revenues earned from the new fuel price hike, in their entirety, would be redistributed among the people.
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Publish Date:25/November/2019 | 11:48

Tax on Bank Deposit Account Earnings Not on Gov’t Agenda

EghtesadOnline: Economy Minister Farhad Dejpasand said taxing bank account earnings is not on the agenda and denied rumors that the government may do so as part of its efforts to increase non-oil revenues.
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Publish Date:09/November/2019 | 13:05

Gov’t Enhances Transparency of Financial Systems

EghtesadOnline: Following efforts to improve the financial transparency and discipline administrative bodies, the Central Bank of Iran has connected its Centralized Database for Loans and Commitments, known by its Persian acronym Samat, with another government-run system, dubbed the Comprehensive System for Management of Government Guarantees.
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Publish Date:02/November/2019 | 11:10

Tea Harvest Season Ends, Gov’t Processed Output Rises 11%

EghtesadOnline: This year’s tea harvest season has come to an end and the government purchased a total of 126,753 tons of green tea leaves from local farmers at 3.43 trillion rials ($30.66 million), the head of Iran Tea Organization said.
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Publish Date:28/October/2019 | 24:43

Gov’t Tweaking Divestiture Rules

EghtesadOnline: The government plans to resume offering its remaining shares in state-owned companies after making some changes governing divestiture of state properties to private firms, the economy minister said.
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Publish Date:05/October/2019 | 13:07

Iran Gov’t to Submit Iran's Next Budget on November 6

EghtesadOnline: The Plan and Budget Organization of Iran will submit the budget plan of state-run companies in the next fiscal year (March 2020-21) to the parliament on Nov. 6 and that of government public spending a month later, on Dec. 6, said the head of PBO, Mohammad Baqer Nobakht.
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Publish Date:02/October/2019 | 11:40

Gov’t to Sell $3.3b in Bonds to Plug Budget Deficit

EghtesadOnline: The Ministry of Economy will issue Islamic financial securities worth 380 trillion rials ($3.3 billion) to partly compensate the budget deficit for the current fiscal year (March 2019-20).
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Publish Date:23/September/2019 | 13:18

Iran Gov’t Says More Cuts Likely in Cash Subsidy List

EghtesadOnline: The Ministry of Cooperatives, Labor and Social Welfare will initiate the identification of households belonging to the top three high-income deciles as of Sept. 23 to eliminate them from the list of cash subsidy receivers.
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Publish Date:07/September/2019 | 11:55

Iran Gov’t May Use ETFs in Divestment

EghtesadOnline: After several failed attempts to divest its remaining stake in state-affiliated companies to the private sector, the government is rewriting the rules and devising new methods to facilitate the divestiture process.
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Publish Date:28/August/2019 | 10:45

Gov’t Plans Not Tied to Nuclear Talks Success

EghtesadOnline: Iran will continue its negotiations with the remaining parties to the 2015 nuclear deal, but is pursuing plans based on the presumption that the talks will not produce the desired outcome, President Hassan Rouhani said on Thursday.
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Publish Date:04/August/2019 | 24:27