EghtesadOnline: Iran’s budget deficit came in wider than expected in the five months of the current fiscal year (March 21-Aug. 22) and reached 182.7 trillion rials ($4.56 billion), the latest data released by the Central Bank of Iran showed.
EghtesadOnline: The World Bank, in its latest “Iran’s Economic Outlook” report, sees stronger growth in 2018-19 as investment growth turns positive and accelerates along with more political and economic stability, following the reelection of President Hassan Rouhani for a second four-year term in May 2017.
EghtesadOnline: Iran and Italy have held extensive negotiations since the nuclear accord was implemented in 2016 for the European nation to extend a major credit line to Iran and it seems that the wait may finally be over, Iran's economy minister said.
EghtesadOnline: PIakistan and Iran have decided to strike a deal on trade despite slow or no progress regarding the implementation of a payment mechanism and the Iran-Pakistan gas pipeline project.
EghtesadOnline: German finance worth €3 billion ($3.5 billion) for a railroad project in Iran will soon be finalized, a deputy roads and urban development minister announced.
EghtesadOnline: Over the years of the first term of President Hassan Rouhani (Aug. 2013-17), the government ensured that the rise in civil servants’ salaries exceed inflation, which has been the case since 2014-15.
EghtesadOnline: Iran’s unemployment rate in the second quarter of the current fiscal year (June 22-Sept. 22) stood at 11.7%, registering a 1% drop compared with the same period of last year and a 0.9% decrease compared with the previous quarter, the latest report by the Statistical Center of Iran said.
EghtesadOnline: In what could be another step toward bolstering efforts to reduce the tenaciously high bank interest rates and balance markets, investment funds owned by banks and credit institutions have been slapped with a number of restrictions aimed at returning them to their original mandate.
EghtesadOnline: The average house price in Tehran during the last month of summer (Aug. 23- Sept. 22) increased by 9.7% from a year ago—a measure of the cost per square meter of floor space.
EghtesadOnline: Tehran Mayor Mohammad Ali Najafi said the municipality owes over 300 trillion rials ($7.69 billion), mostly to banks and contractors.