EghtesadOnline: Caretaker of the Trade Promotion Organization of Iran says exporters who hire commercial cards have abused loopholes in export rules and incur extra costs on export formalities.
EghtesadOnline: Trade between Iran and EU member states during the first half of 2019 stood at €2.56 billion to register a 76.01% plunge compared with last year’s corresponding period.
EghtesadOnline: The Central Bank of Iran has obliged importers who use subsidized currency to sell their goods via a transparent distribution network, according to a CBI official.
EghtesadOnline: Local banks saw a significant rise in the volume of bounced checks during the last calendar month ending July 22, according to the latest reports published on the Central Bank of Iran website.
EghtesadOnline: In a letter to President Hassan Rouhani, private sector representatives have called on government to give more authority to the Export Guarantee Fund of Iran with regard to issuing export guarantees, according to the EGFI chief.
EghtesadOnline: In a report on the misuse of the National Development Fund of Iran, the Majlis Research Center says a large part of the sovereign wealth fund has been used in sectors outside the purview of the fund.
EghtesadOnline: Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture says lopping off zeros from the national currency will not produce the desired results unless the initiative is intertwined with structural reforms.
EghtesadOnline: Traditionally influenced by domestic currency rates, Iran’s gold market has moved away and taken a different route since the past week amid soaring prices in global markets.
EghtesadOnline: After a 2-day delay, the first phase of using fuel cards at the filling stations commenced on Tuesday (August 13) in four mega cities, namely Tehran, Karaj, Isfahan and Tabriz.
EghtesadOnline: Tax will be levied on products that cause environmental damage in their manufacture or use, an official with the Iranian National Tax Administration said.