EghtesadOnline: T he government sold a batch of bonds worth 10 trillion rials ($225 million) last week, the Ministry of Economic Affairs and Finance announced.
EghtesadOnline: Growth in Iran, the second largest economy in the Middle East and North Africa region, is expected to reach 4.3% by 2020, with higher investment growth offset by lower oil production and limited access to finance, reads the World Bank’s latest “Global Economic Prospects” report.
EghtesadOnline: Iran Chamber of Commerce, Industries, Mines and Agriculture has proposed an Asian model for economic development to weather the current storms facing the Iranian economy.
EghtesadOnline: Majlis Research Center has forecast a 3% economic growth and an 11.5% inflation rate for the next Iranian year (starting March 21).
EghtesadOnline: As per the budget bill of the next fiscal year (starting March 21), the government will allocate a total of 3,270 trillion rials ($76 billion) to create more than 1.03 million jobs, the government spokesman said.
EghtesadOnline: Iran and Italy on Thursday signed a Master Credit Agreement worth €5 billion in Rome, making it the biggest foreign finance deal reached between Iran and a member of the European Union.
EghtesadOnline: Iranian economist Hamid Azarmand believes that the gravest concern about the future of Iran’s economy is for the government to question economic reforms.
EghtesadOnline: The Majlis Joint Commission has given the nod to most of the government’s proposed figures in the budget bill for the next fiscal year (starting March 21) regarding the issuance of Islamic debt securities.
EghtesadOnline: With too many irons in the fire, the government and the Central Bank of Iran do not seem to be in the mood for making tough decisions, especially in the foreign exchange market.
EghtesadOnline: Iran's economy grew by 5.6% in the first half of the current fiscal (March 21-August 22) compared to last year's corresponding period, according to the Statistical Center of Iran's latest report released on Wednesday. The SCI has put H1 growth at 6% without taking into account oil production.