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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

What Kind of Gov’t Does Iran’s Economy Need?

EghtesadOnline: The achievements of recent years, including the Joint Comprehensive Plan of Action, macroeconomic stability, Health Overhaul Plan and export of 1 million barrels of oil are all valuable but transient, if not protected by a prudent administration.
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Publish Date:20/May/2017 | 08:13

Iranian Gov’t Buys Tea Leaves From Farmers

EghtesadOnline: The government has bought some 28,000 tons of fresh tea leaves worth 650 billion rials ($17.3 million) from local farmers in northern Iran so far this year (started March 21), from which 6,300 tons of dried tea have been produced, the head of Iran Tea Organization said on Sunday.
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Publish Date:15/May/2017 | 13:12

Gov’t Buys 550K Tons of Wheat in 20 Days

EghtesadOnline: The government has purchased about 550,000 tons of wheat from local farmers in eight provinces across the country over the past 20 days, the head of the Government Trading Corporation of Iran said.
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Publish Date:03/May/2017 | 11:42

Govt. steeply raises cash handouts for Iranians

EghtesadOnline: Impoverished families in Iran will get a raise of up to 50% in monthly allowance, under a program which had been adopted for sometime but will go to force from Saturday night.
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Publish Date:15/April/2017 | 13:33

Govt. steeply raises cash handouts for Iranians

EghtesadOnline: Impoverished families in Iran will get a raise of up to 50% in monthly allowance, under a program which had been adopted for sometime but will go to force from Saturday night.
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Publish Date:15/April/2017 | 13:33

Gov't Repays Social Security Organization Arrears

EghtesadOnline: The Social Security Organization of Iran has thanked President Hassan Rouhani in a letter, thanking him for repaying government arrears to the organization.
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Publish Date:12/April/2017 | 11:43

Gov't Repays Social Security Organization Arrears

EghtesadOnline: The Social Security Organization of Iran has thanked President Hassan Rouhani in a letter, thanking him for repaying government arrears to the organization.
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Publish Date:12/April/2017 | 11:43

Iranian Government Reduces Bank Arrears by $3.5b

EghtesadOnline: The government has cleared 132 trillion rials ($3.5 billion) of its arrears to the banking system while increasing its capital to public-sector banks by 242 trillion rials ($6.4 billion) , said the government spokesman.
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Publish Date:06/April/2017 | 18:00

Iranian Government Reduces Bank Arrears by $3.5b

EghtesadOnline: The government has cleared 132 trillion rials ($3.5 billion) of its arrears to the banking system while increasing its capital to public-sector banks by 242 trillion rials ($6.4 billion) , said the government spokesman.
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Publish Date:06/April/2017 | 18:00