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EghtesadOnline: Here are Iran's Economic News Headlines for May 05:

1. Mousa Ghaninejad, economic analyst: The way out of Iran's economic crisis is by ensuring compliance with scientific economic principles. (Otaghiranonline.ir)

2. Hossein Raghfar, professor of economics at Alzahra University: Silence on the part of university professors is one of the causes of Iran's economic crisis. (IRNA) 

3. Minister of Cooperatives, Labor and Social Welfare Mohammad Shariatmadari: Iran’s future is bright. (IRNA)

4. Abbas Shakeri, professor of economics at Allameh Tabatabaee University: With sanctions in place and complications over increased money supply and government officials struggling to procure raw materials for factories, it makes no sense to slash four zeros from the rial now. (ILNA)

5. Director of Russia’s Center for Energy and Security Studies Anton Khlopkov: Although Iran oil sanctions may split its quota among other countries, this will not benefit Moscow, because Kremlin does not want to weaken its strategic partner in the region. (IRNA)

6. Managing Director of Pars Special Economic Energy Zone Pirouz Mousavi: Interaction with Iran is in the interest of the international economy and trade. (IRNA)

7. Mohammad Rastad, the head of Ports and Maritime Organization of Iran: Iran’s cargo transportation stood at 265 million tons last [fiscal] year [ended March 20, 2019], of which 135 million tons were moved through commercial ports and the rest via oil terminals. (IRNA)

8. Asadollah Asgaroladi, a member of Nut Exporters Union: Pistachio production is estimated to reach 220,000 tons this [fiscal] year [started March 21]. (IRNA)

9. Director of Agriculture Ministry's National Oilseed Project Alireza Mohajer: Domestic oilseed production is forecast to reach 400,000 tons in the current [fiscal] year. (ILNA)

10. Hossein Ali Abdolhay, the deputy head of Iran Fisheries Organization: Shrimp production is estimated to reach 60,000 tons this [fiscal] year, to register a 33% increase. (ILNA)

11. Deputy Roads Minister Kheirollah Khademi: Iran plans to lay up to 270 km of rail tracks this year. (News.mrud.ir)

12. Deputy Minister of Industries, Mining and Trade Khodadad Gharibpour: Mining projects worth $2 billion are scheduled to be launched in the current [fiscal] year. (Mehr News Agency)

13. Abolfazl Roghani Golpayegani, the head of Paper and Cardboard Producers’ Syndicate: The allocation of subsidized foreign currency to paper imports begets corruption. (IRNA)

14. Isa Kalantari, the head of the Department of Environment: The mission to revive Lake Urmia in northwestern Iran has yet to be accomplished. (Persian daily Iran) 

15. Bahman Abdollahi, president of Iran Chamber of Cooperatives: Investment needed to create jobs in cooperatives is one-tenth of that in other sectors. (IRNA) 

 

Iran Headlines Economic News