EghtesadOnline: The “Repair and Installation of Machinery and Equipment” subsector shrank by 49.6% in the first half of the current fiscal year (March 21-Sept.22, 2007) compared with last year’s corresponding period.

EghtesadOnline: The Central Bank of Iran has notified the lending priorities of the banking system for the current fiscal year (started March 21), outlining the roadmap for lenders as they seek to support business and industries still reeling from a biting recession that hit nearly all economic sectors.

EghtesadOnline: About 15-20% of all Iranian industrial units are facing recession, the industrial affairs deputy with the Ministry of Industries, Mining and Trade said.

EghtesadOnline: Iranian President Hassan Rouhani, who is beginning his second term after an overwhelming electoral victory in May, has promised to fix the economy but one huge obstacle stands in his way: deep recession.

EghtesadOnline: Some 20,000 industrial units have emerged from recession since the beginning of the current Iranian year (March 20, 2016), the deputy minister of industries, mining and trade said.