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GTC Beefs UP Colza Stocks

EghtesadOnline: The government has purchased more than 173,000 tons of colza from local farmers so far this crop year, registering a 260% increase compared with the corresponding period of last year, the head of the Government Trading Corporation of Iran said on Saturday.
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Publish Date:23/July/2017 | 09:12

Gov’t Tea Purchase Reaches 78,000 Tons

EghtesadOnline: About 78,000 tons of fresh tea leaves worth 1.55 trillion rials ($41 million) have been purchased from farmers by the government at guaranteed prices, the head of Tea Organization of Iran said on Sunday.
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Publish Date:17/July/2017 | 07:53

Iran Government to Choke Auto Imports?

EghtesadOnline: The Ministry of Industries, Mining and Trade has announced a proposal, the implementation of which is certain to tighten the grip of Iran Khodro and SAIPA, the largest state-controlled automakers, on the domestic market.
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Publish Date:15/July/2017 | 11:55

$1.5b in Rail Investments Since 2013

EghtesadOnline: The government has invested $1.5 billion in c ever since President Hassan Rouhani took office in August 2013, Saeed Mohammadzadeh, CEO of the Islamic Republic of Iran Railways, said.
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Publish Date:15/July/2017 | 11:47

Over $9b Earmarked for Development Projects

EghtesadOnline: The government will have spent 374 trillion rials ($9.87 billion) in development projects by the end of the current Iranian year (March 20, 2018), says government spokesperson, Mohammad Baqer Nobakht, adding that 440 billion rials (11.6 million) of this sum have already been allocated.
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Publish Date:15/July/2017 | 11:44

Gov’t to Increase Investment in Agricultural Mechanization

EghtesadOnline: The government will invest about 15 trillion rials (nearly $395.5 million) in agricultural mechanization in the current Iranian year (March 2017-18), 25% more compared with last year’s investment, the head of the Agricultural Mechanization Expansion Center with the Ministry of Agriculture announced.
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Publish Date:15/July/2017 | 11:33

Gov’t Car Import Plan Will Create New Monopolies

EghtesadOnline: Allowing import permits to auto manufacturers alone will give them ample space for monopoly to consolidate their position in the auto industry, says head of Iran’s Auto Importers Association, Farhad Ehteshamzad.
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Publish Date:02/July/2017 | 13:46

Iran Capital Market Awaits Reforms by New Government

EghtesadOnline: The stock market was dealing with a great deal of ambiguities during the last days of the 10th government (the second term of former president, Mahmoud Ahmadinejad), as petrochemical feedstock prices were not determined, the battle over setting mining royalties was raging and the fate of Iran’s nuclear program was hanging in the balance.
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Publish Date:23/June/2017 | 17:16

Need for Jobs and Workable Gov't Measures in Iran

EghtesadOnline: Job creation is not within the direct purview of the government, yet it was one of the main topics in the presidential election debates last month.
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Publish Date:17/June/2017 | 07:26

Private Sector Outlines Expectations From Gov’t

EghtesadOnline: As the new government is scrambling to form its Cabinet, President of Tehran Chamber of Commerce, Industries, Mines and Agriculture, Masoud Khansari, has outlined the private sector’s expectations from the incoming administration of President Hassan Rouhani.
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Publish Date:16/June/2017 | 08:35

Gov’t Urged to Disburse Forest Protection Fund

EghtesadOnline: About 20% of the budget earmarked for the Forest Protection Law have been allocated by the government, the head of the Forests, Range and Watershed Management Organization said.
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Publish Date:16/June/2017 | 07:41

Gov’t Buys $27m Worth of Fresh Tea

EghtesadOnline: Close to 44,000 tons of fresh tea leaves worth 1.03 trillion rials ($27.57 million) have been purchased from farmers in the first tea harvest in Gilan and Mazandaran provinces, the head of Iran Tea Organization said.
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Publish Date:10/June/2017 | 11:08

Foreign Banks’ Tax Rebate Under Consideration

EghtesadOnline: The government’s new tax bill–sent to the parliament in March–to enlarge the value added tax exemption list to include insurance firms and foreign banks’ services has now been taken up by the legislature’s specialized commissions.
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Publish Date:06/June/2017 | 11:36

Gov’t Wheat Purchases Top 2 Million Tons

EghtesadOnline: The Government Trading Corporation of Iran has bought more than 2 million tons of wheat from domestic farmers across the country so far this crop year, according to GTC’s new managing director, Yazdan Seif.
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Publish Date:30/May/2017 | 08:14

Gov’t Urged to Focus on Less Privileged

EghtesadOnline: A majority of Iranians chose to place their confidence in President Hassan Rouhani once again, as they believed the path his government took over the past four years was the right one, a prominent Iranian economist said.
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Publish Date:27/May/2017 | 07:38

$5.3 Billion in Loans to Support SMEs

EghtesadOnline: The government plans to allocate 200 trillion rials ($5.3 billion) to prop up 10,000 enterprises in the current Fiscal year (March 2017-18), the chairman of Iran’s Small Industries and Industrial Parks Organization said. The plan is in line with the Ministry of Industries, Mining and Trade’s policy of helping industries emerge out of a recession by boosting manufacturing capacity.
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Publish Date:27/May/2017 | 06:40

Gov’t Wheat Purchase in Full Swing

EghtesadOnline: More than 1.82 million tons of wheat worth 23 trillion rials (close to $616 million) have been purchased by the government from local farmers in 11 provinces, registering a 3% decrease compared with the corresponding period of last year, Government Trading Corporation of Iran’s deputy for domestic commerce said.
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Publish Date:22/May/2017 | 07:59

Iranian Gov't Outlines Clean Energy Initiatives

EghtesadOnline: The government has developed several renewable power projects as well as 12 initiatives to produce electricity from fuel cells as part of efforts to raise the trifling share of renewables in the energy mix.
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Publish Date:20/May/2017 | 08:34