EghtesadOnline: Iranians have been receiving a monthly cash subsidy payment of 450,000 rials ($12.4) since December 2010, which so far amounted to 2.63 trillion rials (over $68.6 billion).
EghtesadOnline: The volume of liquidity has been constantly on the rise in the Iranian economy for years, prompting many pundits to refer to it as a ticking time-bomb that, if not defused, will eventually create the next economic crisis.
EghtesadOnline: A bout a hundred days ago, in the heat of the presidential election campaign, First Vice President Es’haq Jahangiri faced the state TV camera and said, “The inflation rate fell to 6.8% from 40% under President Hassan Rouhani. That’s why today no one talks about inflation. No one promises to reduce the inflation rate, because what we did was no mean feat.”
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: Iran and Turkey plan to increase the volume of annual rail cargo transit between the two neighboring countries to 1 million tons as per the agreement Tehran reached with Ankara, Islamic Republic of Iran Railway’s board member, Hossein Ashouri, said.
EghtesadOnline: The latest data released by the Central Bank of Iran show that as oil revenues jumped in the first quarter of the current fiscal year (March 21-June 21), higher spending and lower tax revenues have widened the budget deficit.
EghtesadOnline: Trade with Italy is being restored slower than expected following the removal of international sanctions against Iran over its nuclear program, reads an opinion piece written by Iranian co-chair of Iran-Italy Chamber of Commerce in the news portal of Tehran Chamber of Commerce, Industries, Mines and Agriculture.
EghtesadOnline: President Hassan Rouhani’s two major picks to navigate the economy for the next four years had a hectic time hobnobbing with private sector leaders to develop an early cordiality.
EghtesadOnline: China's ambassador to Iran said the channel for facilitating new finance from the world's second largest economy is open for Tehran, assuring the Iranian business community that recent banking hurdles and the alleged closure of Iranian account are only temporary.
EghtesadOnline: A week has passed since President Hassan Rouhani’s swearing-in ceremony to start his second term, which he says will be focused on improvement of the economy.